WASHINGTON (Dow Jones) – New orders for the U.S. industry in February rose more than expected in January and has even better developed than previously thought.
As the U.S. Department of Commerce announced on Wednesday that new orders rose in February from the previous month by 0.6%. From Dow Jones Newswires surveyed economists had expected an increase of 0.3%.
As the Ministry further informed, was found for the previous month, a revised rise of 2.5%, after it was reported a preliminary increase of 1.7%. For the order received by long-lived assets reported by the Ministry for February increased by 0.9% (provisional: plus 0.5%).
New orders excluding the defense sector increased by 1.0%. The orders ex transportation rose by 0.7%. The orders for civilian capital goods without any aircraft that are considered important measure of business spending climbed by 2.0% in the previous month had been registered a minus of 4.4%.
DJG / DJN / have / sh