Factory Orders Up 3.0%; Ex-Transport Rise 2.6%

Factory orders jumped 3.0% in March, the Commerce Department reported Tuesday.

Orders excluding transportation goods increased 2.6% for the month.

February’s factory orders were revised to a 0.7% increase from a 0.1% decrease reported in March.

Economists expected March factory orders would increase 1.8%, according to the median estimate from Thomson Reuters.

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