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US Factory Orders Show Continued Growth

Space X Factory

Financial Times

US factories continued to see a steady rise in orders in February, the latest sign that the country’s manufacturing sector is recovering at a healthy clip following a weak start last year.

Orders to US factories rose 1 per cent in February from the previous month, in line with what analysts were expecting, the Commerce Department said on Tuesday.

The rise marks the third straight month of gains for the gauge following a sharp drop in November. In another encouraging sign, January factory orders gains were revised higher to 1.5 per cent from the 1.2 per cent that was previously reported.

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Feature image: By Bruno Sanchez-Andrade Nuño from Washington, DC, USA – Flickr: That, my friend, is a pic of a rocket factory. You won´t see many of these (direct link), CC BY 2.0, Link

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