5 Industrial Products Stocks to Buy on Jump in Factory Orders
Applied Industrial Technologies(AIT) Zacks Investment Research·2024-05-09 21:40
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 $9.1 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 ...