Tags: Factory Orders

US Factory Orders up 1.8 Percent in December

Monday, 04 Feb 2013 10:31 AM

WASHINGTON (AP) — U.S. factory orders increased in December even though companies trimmed their orders for goods that signal investment plans.

The Commerce Department says factory orders rose 1.8 percent in December compared to November, when orders had fallen 0.3 percent.

Demand for core capital goods, a category considered a proxy for business investment plans, dipped 0.3 percent in December following strong gains of 3.3 percent in November and 3 percent in October.

Orders for durable goods, items expected to last at least three years, rose 4.3 percent, slightly below the 4.6 percent estimated in a preliminary report. The increase reflected strong gains for military and civilian aircraft. Orders for non-durable goods such as petroleum products, chemicals and paper, declined 0.3 in December after a 1 percent drop in November.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Headline
US Factory Orders up 1.8 Percent in December
Factory Orders
129
2013-31-04
Monday, 04 Feb 2013 10:31 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved