WASHINGTON, April 4 (Reuters) – U.S. factory orders fell for the second consecutive month in February, partly due to weaker demand for civilian jets.
According to data released by the US Commerce Department on Tuesday, such orders fell 0.7% in February after falling 2.1% (revised) in January, while economists polled by Reuters had forecast a drop of 0, 5%.
Over one year, orders to industry increased by 3% in February.
Rising borrowing costs as the Federal Reserve faces high inflation has dampened demand for goods, which are typically purchased on credit.
(Report Lucia Mutikani, French version Diana Mandiá, edited by Blandine Hénault)
