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Orders for US plants are growing sharply in March

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In April, orders for American goods grew by 2.2% This was announced by the Ministry of Trade on Tuesday.

The win was much stronger than expected. Economists polled by the Wall Street Journal expected growth of 1%.

The factory sector was a bright spot during the pandemic and its aftermath. Orders for factories have grown in 22 of the last 23 months.

Orders for durable goods rose 1.1% in March, compared to an initial increase of 0.8%. Orders for durable goods have grown in the last five months.

Orders for durable goods for the month jumped by 3.2%.

A key indicator of business investment, orders for non-defense capital goods, excluding aircraft, rose 1.3% in March from a previous reading of 1%.

US stocks
DJIA,
+ 0.71%

SPX,
+ 0.89%

Tuesday opened ambiguous, as a two-day meeting of the Federal Reserve on policy was to begin.

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