(Bloomberg) -- Orders placed with U.S. factories rose in March, reinforcing signs in the past week that business investment was on the mend going into the second quarter, economists said before a report today.
Factory orders increased 2.2 percent after a 1 percent gain in February, according to the median estimate in a Bloomberg News survey of economists. A separate report may show companies hired at about the same pace in April as in the prior month.
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