Factory Orders Rise 3%, Biggest Increase in Five Months

[Purveyor]

Source: Transport Topics Online

Factory orders rose 3% in February, the biggest gain in five months, the Commerce Department reported Tuesday.

The increase followed a revised 1% decline in January that was smaller than the 2% drop originally reported.

The upturn was in line with economists’ forecasts of a 2.9% increase, Bloomberg News reported.

Durable goods demand led the increase, with a 5.6% surge, and automobile sales are on track for the best year since 2007, Bloomberg said.

Read more: http://www.ttnews.com/articles/basetemplate.aspx?storyid=31657&t=Factory-Orders-Rise-3%25-Biggest-Increase-in-Five-Months

[amandabeech]

1. Good news.

I hope that this translates into more decent jobs.

[Blandocyte]

2. So the people with jobs and money are buying stuff made in Chinese factories? Hee. n/t

[Ikonoklast]

3. Didn't read the link, I see.

That rise is in domestic manufacturing, domestic, as in produced in this country.

[Blandocyte]

5. Didn't see domestic mentioned, but was reading quickly. Still don't see it

but it's probably right in front of my face if you're seeing it there. If so, pardon my stupid aged eyes.

[Kingofalldems]

4. Obama is a communist