February Factory Orders Rise 0.2%; Ex-Transportation Gain 0.8%

New orders for manufactured goods increased 0.2% in February, after falling a revised 0.7% in January, first reported as a 0.2% decline, the Commerce Department reported Thursday.

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Economists polled by Thomson Reuters expected a 0.4% drop in February orders.

Excluding transportation, new orders rose 0.8%, after a 2.3% drop the previous month. Excluding defense, orders gained 0.4%, after a 0.6% slide in January.

Durable goods orders fell 1.4% after a 1.9% increase in January, while nondurable goods orders were up 1.8% after a 3.2% drop in January.


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