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Tags: u.s. february factory orders fall

Feb. Factory Orders Fall as Expected

factory
(Dreamstime)

Monday, 04 April 2022 10:14 AM EDT

New orders for U.S.-made goods fell in February, likely because of persistent shortages of materials and a shift in spending back to services, but manufacturing remains supported by low inventories at businesses.

The Commerce Department said on Monday that factory orders fell 0.5% in February. Data for January was revised slightly higher to show orders rising 1.5% instead of 1.4% as previously reported. Economists polled by Reuters had forecast factory orders would decline 0.5%.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
New orders for U.S.-made goods fell in February, likely because of persistent shortages of materials and a shift in spending back to services, but manufacturing remains supported by low inventories at businesses.
u.s. february factory orders fall
74
2022-14-04
Monday, 04 April 2022 10:14 AM
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