Orders Placed With U.S. Factories Climb More Than Forecast
This article is for subscribers only.
Orders placed with U.S. factories rose more than forecast in March on increasing demand for machinery and computers that points to further gains in business spending.
Bookings for manufacturers’ goods climbed 3 percent, a fifth consecutive increase, after a 0.7 percent February advance, the Commerce Department said today in Washington. The report also revised up estimates for capital equipment bookings issued last week.