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6/3/2014 10:05:00 AM Write a Letter to the Editor Write a letter to the Editor

Factory Orders Rise for Third Consecutive Month in April


Natalie Behring/Bloomberg News

Factory orders increased for a third consecutive month, rising 0.7% in April, the Commerce Department reported June 3.

The rise followed a 1.5% increase in March. April’s increase was larger than economists’ forecast of a 0.5% rise, Bloomberg News reported.

The three gains in factory orders are seen as evidence that manufacturing is regaining momentum after a harsh winter and will provide support to the economy, the Associated Press reported.

The trucking industry relies on factory orders and shipments for much of its business.

By Transport Topics

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