Comment & Analysis
Modest decline in factory orders
US: Factory orders (Feb.): -0.5% m/m vs -0.6% expected (prior: 1.5% revised from 1.4%All sectors have shown contraction over the month. Orders for capital goods nondefense ex aircraft were down by 0.2% m/m after 1.2% m/m prior month. Total shipments were up by 0.6 %m/m after 1.4% m/m prior month…
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