U.S. | Factory Orders Declined by 1.7% MoM in February
Published on Monday, April 4, 2016 | Updated on Monday, April 4, 2016
U.S. | Factory Orders Declined by 1.7% MoM in February
Summary
New factory orders contracted 1.7% MoM in February, offsetting the 1.2% increase in January. Inventories and unfilled orders decreased 0.4% and 0.3% MoM, respectively. The goods-producing sector is not likely to contribute much to GDP growth in 1Q16
Geographies
- Geography Tags
- Global
Topics
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- Macroeconomic Analysis
Authors
Filip Blazheski