With a jump in orders for non-durable goods more than offsetting a drop in orders for durable goods, the Commerce Department released a report on Thursday showing an unexpected increase in new orders for U.S. manufactured goods in the month of February.
The report said factory orders edged up by 0.2 percent in February following a revised 0.7 percent decrease in January.
Economists had expected orders to fall by 0.4 percent compared to the 0.2 percent drop previously reported for the previous month.
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