Updated
Updated · Reuters · May 4
US factory orders rise 1.5% in March
Updated
Updated · Reuters · May 4

US factory orders rise 1.5% in March

10 articles · Updated · Reuters · May 4
  • The gain, reported by the Commerce Department's Census Bureau, beat economists' 0.5% forecast and was the biggest monthly increase since November.
  • Orders were driven by a 3.6% jump in computers and electronics to $29.6 billion, while electromedical, measuring and control instruments rose 7.9% to a record $10.6 billion.
  • Non-durable goods orders climbed 2.1% to their highest since October 2022, though manufacturers still face higher input costs and longer delivery times after tariffs and the US-Israeli war with Iran.
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