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5 Industrial Products Stocks to Buy on Jump in Factory Orders
AITApplied Industrial Technologies(AIT) Zacks Investment Research·2024-05-09 13:40

The U.S. manufacturing sector is trying to bounce back from its earlier lows. The U.S. Census Bureau reported last week that new orders for manufacturing goods increased 9.1billioninMarch,up1.69.1 billion in March, up 1.6% month over month and in line with the consensus estimate.March was also the second consecutive month of growth in factory orders after new orders for manufactured goods rose 1.2% in February.Shipments jumped 1.5 billion, or 0.3%, to $583.3 billion, after increasing 1.4% in February. New orders for manufacture ...