March Factory Orders Rise 2.1%; Ex-Transportation Unch

New orders for manufactured goods increased 2.1% in March, after dipping a revised 0.1% in February, first reported as a 0.2% increase, the Commerce Department reported Monday.

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Economists polled by Thomson Reuters expected a 2.0% jump in March orders.

Excluding transportation, new orders were flat, after a 0.1% rise the previous month. Excluding defense, orders gained 1.3%, after a 0.1% increase in February.

Durable goods orders grew 4.4% after a 1.4% decrease in February, while nondurable goods orders were down 0.3% after a 1.1% rise in February.


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