US Factory Orders Jump 1.8%
...But indicator of future investments takes a downward turn
By Newser Editors and Wire Services
Posted Feb 4, 2013 9:39 AM CST
In this Jan. 28, 2013 photo, workers assemble cars along a line at the General Motors Fairfax plant in Kansas City, Kan.   (AP Photo/Orlin Wagner)

(Newser) – US 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% compared to November, when orders had fallen 0.3%. But demand for core capital goods, a category considered a proxy for business investment plans, dipped 0.3%, following strong gains of 3.3% in November and 3% in October.

Orders for durable goods, items expected to last at least three years, rose 4.3%, slightly below the 4.6% 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% drop in November.

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Showing 3 of 6 comments
DougMasters
Feb 4, 2013 1:25 PM CST
Better than nothing.
Synergetic_Chaos
Feb 4, 2013 11:46 AM CST
Factory work is grueling labor. Nearly everyone that does it ends up with serious physical health issues after only a few years, and over time end up becoming debilitating ones. Employees that are injured on the job often go to work with sprains and breaks and say nothing due to fear of being fired. Those that work these jobs often become depressed, so it's unlikely they will push to make the changes that are needed. It is up to those that care about the quality of these people's lives to force companies to change for the better, not just in the USA but in every country in the world. Those companies that impede the effort need to be sued into oblivion for the betterment of the human race as a whole.
Just_Dave
Feb 4, 2013 11:00 AM CST
Sorta good news. Investment is the area that needs to improve. For investment to improve we have to fix Wall Street and put Glass/Steagall back in place. For Glass/Steagall to be put back in place we need a new government.