Tuesday, May 4, 2010

March Factory Orders Rise 1.3%

That gain was well above expectations. According to a Yahoo! Finance report, orders ex-transportation-goods was up the highest in nine years.
At the moment, manufacturing is the leading star of the economic rebound and economists are predicting that will continue for the rest of the year, helping to offset weakness in other areas. Manufacturers are benefiting not only from the rebound in the United States but also rising demand for U.S. exports as the global economy recovers at a faster rate than had been expected.
Not all sectors shared in the bounty, though.

Gold didn't react all that much to the news, although the metal did drop beforehand and later.

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