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Factory growth rebounds as new orders rise for first time since July
Factory growth rebounds as new orders rise for first time since July

Factories heated up in March as new orders rose for the first time since July in a sign economic growth should improve after a weak winter. New orders for manufactured goods rose 2.1% in March, the Commerce Department said Monday. The increase, which was in line with economist forecasts, came after a downwardly revised 0.1% drop the previous month. Orders are a sign of future economic activity in the important manufacturing sector, which had struggled since last summer. Weak growth in Europe and Asia reduced demand for U.S. goods and caused the value of the dollar to soar, making American exports more expensive. The steep drop in oil prices also has hurt factories that make equipment...

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