New orders for U.S. manufactured goods spiked by more than expected in the month of March, according to a report released by the Commerce Department on Tuesday.
The report showed factory orders surged by 2.2 percent in March following a revised 0.1 percent uptick in February.
Economists had expected factory orders to jump by 1.1 percent compared to the 0.5 percent drop originally reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.