Factory Orders Increase Again in March

Washington, DC, May 2, 2014 -- New orders for manufactured goods rose for a second straight month in March, according to the Commerce Department.

The government said new orders increased 1.1%. February's orders were revised down slightly show a 1.5% rise instead of the initially reported 1.6% gain.

Orders excluding the transportation category rose 0.6% after rising 0.7% in February.