U.S. Feb factory orders dip, transportation weighs

WASHINGTON, March 31 (Reuters) – New orders received by U.S. factories dipped unexpectedly in February, breaking a three-month streak of gains, held back by a drop in transportation orders

The Commerce Department said new orders for manufactured goods fell 0.1 percent to $446 billion, after an upwardly revised 3.3 percent gain in January.

Economists polled by Reuters had expected Februarys orders to rise 0.5 percent.

Excluding transportation, new orders increased 0.1 percent, marking the seventh consecutive monthly gain. Excluding defense, factory orders were up 0.5 percent.

Unfilled orders rose 0.5 percent to $834.8 billion. Inventories, up 13 of the last 14 months, rose 0.8 percent to $565 billion.
(Reporting by Emily Kaiser, Editing by Andrea Ricci) (([email protected]; +1-202-310-5444; Reuters Messaging: [email protected]))

U.S. Feb factory orders dip, transportation weighs