×
32 402
Fashion Jobs
NORDSTROM
Loss Prevention Security Ambassador Menlo Park
Permanent · Edison
NORDSTROM
Area Manager - Elizabethtown, PA
Permanent · Elizabethtown
NORDSTROM INC
Loss Prevention Agent Market Street Rack
Permanent · San Francisco
NORDSTROM
Loss Prevention Agent Union Square Rack
Permanent · New York
NORDSTROM INC
Loss Prevention Security Ambassador Market Street Rack
Permanent · San Francisco
NORDSTROM
Loss Prevention Security Ambassador Union Square Rack
Permanent · New York
NORDSTROM INC
Asset Protection Security Ambassador- Hastings Village Rack
Permanent · Pasadena
NORDSTROM INC
Loss Prevention - Security Ambassador 2 - Cedar Rapids, ia
Permanent · Cedar Rapids
NORDSTROM INC
Loss Prevention Security Ambassador Valley Fair
Permanent · San Jose
NORDSTROM INC
Security Ambassador 1, Tempe Marketplace Rack
Permanent · Tempe
NORDSTROM
Loss Prevention Security Ambassador Lincoln Square Rack
Permanent · Bellevue
NORDSTROM INC
Manager Merchandise And Inventory Legacy Village Rack
Permanent · Lyndhurst
NORDSTROM
Operations Manager - Elizabethtown, PA
Permanent · Elizabethtown
NORDSTROM
Loss Prevention Security Ambassador Market Street Rack
Permanent · San Francisco
NORDSTROM INC
Loss Prevention Agent Downtown Seattle
Permanent · Seattle
NORDSTROM INC
Loss Prevention Agent Tampa Rack
Permanent · Tampa
TJ MAXX
70118-lp Detective
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Aviation
Permanent · Queensbury
VICTORIA'S SECRET
Senior Manager, Business Strategy & Integration - Victoria's Secret Beauty
Permanent · New York
PINK
Brand Operations Manager-Mission Viejo
Permanent · Mission Viejo
PUMA
Key Account Manager
Permanent · Seattle
FOOT LOCKER
Overnight Operations Manager
Permanent · New York
By
Reuters
Published
Apr 5, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

U.S. factory orders decline in February

By
Reuters
Published
Apr 5, 2021

New orders for U.S.-made goods fell in February, likely weighed down by unseasonably cold weather, though manufacturing remains strong as the economic recovery regains steam amid an improving public health situation and massive fiscal stimulus.


Photo: Shutterstock



The Commerce Department said on Monday that factory orders dropped 0.8% after surging 2.7% in January. Economists polled by Reuters had forecast factory orders slipping 0.5% in February. Orders increased 1.0% on a year-on-year basis.

Severe weather blanketed large parts of the country, including winter storms in Texas and other parts of the densely populated South region, in the second half of February, disrupting consumer spending, production at factories, home building and sales.

But that’s all the rear view mirror. The Institute for Supply Management (ISM) said last week its index of national factory activity jumped in March to its highest level since December 1983. Manufacturing, which accounts for 11.9% of the U.S. economy, has been buoyed by a shift in demand towards goods from services during the pandemic.
Job growth accelerated sharply in March, the government reported on Friday.

Economic growth is expected take off this year, powered by the White House’s massive $1.9 trillion pandemic relief package and the reopening of nonessential businesses as more Americans are vaccinated against the coronavirus.

Factory goods orders in February were held down by declines in demand for machinery, computers and electronic products, as well as primary metals. But orders for electrical equipment, appliances and components rose.

Unfilled orders at factories increased 0.8% in February after gaining 0.2% in January, suggesting a rebound in demand in the coming months.

The Commerce Department also reported that orders for non-defense capital goods excluding aircraft, which are seen as a measure of business spending plans on equipment, fell 0.9% in February instead of dropping 0.8% as reported last month.

Shipments of core capital goods, which are used to calculate business equipment spending in the GDP report, decreased 1.1%. They were previously reported to have declined 1.0% in February.

Business spending on equipment increased robustly for a second straight quarter in the fourth quarter, contributing to the economy’s 4.3% annualized growth rate during that period.

© Thomson Reuters 2021 All rights reserved.

Tags :
Others
Industry