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U.S. Factory Orders Rebound Up 1.3 Percent In February, Lower Than Expected

4/3/2012 10:02 AM ET

U.S. factory orders rebounded in February following disappointing January statistics, according to figures released Tuesday by the Commerce Department.

Department figures put the February estimate of new manufacturing orders at $468.4 billion, a 1.3 percent increase from January levels.

And while most economists had predicted a rebound following the 1.1 percent decline in January - initially reported as a 1 percent decline - many had hoped for a slightly more robust 1.5 percent increase.

by RTT Staff Writer

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