Factory Orders Post Small March Increase

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Orders to U.S. factories rose a slight 0.1 percent in March even though demand for big-ticket items took a big plunge, the Commerce Department reported Tuesday.


The small gain pushed total factory orders to $378.2 billion in March and followed a 0.5 percent decline in February. The tiny increase was still better than economists had been expecting. They were looking for a big drop of around 1.2 percent, based on a preliminary report last week that showed a huge plunge in orders for durable goods, which make up a little more than half of total factory orders.


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