February factory orders rise 1.6%

But business-plan indicator takes 2nd drop in 3 months

Posted: April 3, 2014 at 3:35 a.m.

Crates containing engine and transmission parts are stacked on shelves at Volvo Trucks’ powertrain manufacturing facility in Hagerstown, Md., last month. Factory orders rose 1.6 percent in February, the Commerce Department said.

Orders to U.S. factories rose in February after two months of declines but a critical category that signals business investment plans fell.

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Business, Pages 23 on 04/03/2014