04-April-2025
Economy News
 
US factory orders rise solidly in February
03-Apr-2025

New orders for U.S.-manufactured goods increased solidly in February, likely as businesses front-loaded orders ahead of tariffs. Factory orders rose 0.6% after an upwardly revised 1.8% rebound in January, the Commerce Department's Census Bureau said on Wednesday. Economists polled by Reuters had forecast factory orders would climb 0.5% after a previously reported 1.7% advance in January. Factory orders gained 1.5% on a year-on-year basis in February. Manufacturing, which accounts for 10.2% of the economy, could be crippled by President Donald Trump's barrage of tariffs since returning to the White House in January.

News Source:- https://economictimes.indiatimes.com/news/international/world-news/us-factory-orders-rise-solidly-in-february/articleshow/119912479.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23