Althouth the U.S. manufacturing sector continued to grow in the month of February and March, both came in below forecasts by economists on Wall Street, according to an industry report.

The National Association of Purchasing Management-Chicago said its index of regional manufacturing fell to 57.6 this month from 63.6 in February. Any index reading above 50 signals expansion in the sector, but economists, on average, expected a reading of 61, according to Briefing.com.

Separately, the Commerce Department said orders received by U.S. factories rose 0.3 percent in February, compared with a revised decline of 0.9 percent in January. Economists, on average, expected orders to rise 1.5 percent, according to analysts surveyed by Briefing.com.

By: DocMemory
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