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

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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