Factory Orders Rise Again
Orders for manufactured goods rose 1.3% in March, to $391,500,000,000. This is the 11th increase in the last 12 months. Items categorized as business capital spending, which exclude military and aviation, rose 4.5%.
Inventories rose for the third month in a row, by .3%, leaving some to conclude that business have begun to rebuild inventories, another sign of confidence in an improving economy.