U.S. factory orders unchanged in February
This reading following a 0.5% decline in January and came in worse than the market expectation for an increase of 0.2%.
Shipments, down two consecutive months, decreased $0.8 billion or 0.2% to $500.3 billion, the publication read.
Unfilled orders, up four of the last five months, increased $1.4 billion to $1,158.6 billion.
The unfilled orders-to-shipments ratio was 6.61, down from 6.62 in January. ■