Home / News / Commerce Dept: US Manufacturing Sales Up 1.1% in Q1

Commerce Dept: US Manufacturing Sales Up 1.1% in Q1

money-graphA new report from the Commerce Department indicates that orders for factory goods in the U.S. rose 1.1 percent in the first quarter of 2014, Reuters reported Friday.

Lucia Mutikani writes the department found inventories were up 0.1 percent in March, down from 0.7 percent in the previous month.

Unfilled factory orders and shipments also respectively increased 0.6 percent and 0.3 percent in March, according to the report.

Purchase agreements for manufactured goods with an estimated service life of up to three years gained a 2.9 percent hike, Reuters reports.

Mutikani writes non-defense product orders increased 3.5 percent.

Check Also

DARPA Launches Program Seeking High Performance Computing for Military Simulators

The Defense Advanced Research Projects Agency launched a new program to improve how virtual training environments replicate real-world interactions and host more complex systems. DARPA unveiled Monday that the Digital RF Battlespace Emulator program intends to build a new breed of High Performance Computing capable of supporting advanced radio frequency for simulators. 

Leave a Reply

Your email address will not be published. Required fields are marked *