Boost for US manufacturing and jobs

US factory orders bounced back from a winter lull during February, growing by 1.6 per cent from January’s level and indicating that recent weaker economic data was mostly down to poor weather. Figures showing that firms added 191,000 new workers to their books in March also indicated a similar trend for a general recovery in the US economy. Data from ADP also showed that 39,000 more jobs were posted in February than previously believed. Capital Economics called the release “evidence that the economy is beginning to rebound after the weather-related weakness over the preceding few months”.