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Business
See other Business Articles Title: Factory Orders Up, Business Spending Rises
Source:
REUTERS
URL Source: http://www.reuters.com/article/2012 ... pe=nl&feedName=usbusinessearly
Published: Feb 3, 2012
Author: REUTERS
Post Date: 2012-02-03 19:11:08 by Brian S
Keywords: None
Views: 1493
Comments: 3
WASHINGTON | Fri Feb 3, 2012 2:56pm EST (Reuters) - New orders for U.S. factory-made products posted a second straight monthly rise in December and business capital spending also picked up, a government report on Friday showed. The Commerce Department said orders for manufactured goods increased 1.1 percent, slightly below Wall Street economist's forecast for a 1.5 percent gain. But November's gain was revised up to 2.2 percent from a previously reported 1.8 percent and there were signs in the report of a firmer pace of overall factory activity. During the full year 2011, factory orders gained 12.1 percent after a 12.9 percent rise in 2010. Orders for non-defense capital goods excluding aircraft - a closely watched category because it is taken as a sign of businesses' future spending plans - climbed a solid 3.1 percent in December. That followed declines of 1.5 percent in November and 0.9 percent in October. Shipments for this category also increased by 3.1 percent in December after matching decreases of 0.9 percent in each of the two prior months. Business spending had been a driver of the recovery since the 2007-2009 financial crisis, which pushed the U.S. economy into a deep recession. During December, there were widespread gains in key order categories from computers to fabricated metal products and transportation equipment. Orders for electrical equipment were down from November, one of the few categories that declined.
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#1. To: Brian S (#0)
The "recovery" is still anemic because of the current burden and looming larger burden that the U.S. places on the economy.
Iran’s main drive for acquiring atomic weapons is not for use against Israel but as a deterrent against U.S. intervention -- Major General Zeevi Farkash, head of the Israeli Military Intelligence Directorate
#2. To: jwpegler (#1)
The economy is doing slightly better today because the GOP House has blocked Obama from doing any more stupid things for a year. You've taken over for Badeye, haven't you? :-)
#3. To: meguro (#2)
Gridlock works. It gives businesses a chance to breath.
Iran’s main drive for acquiring atomic weapons is not for use against Israel but as a deterrent against U.S. intervention -- Major General Zeevi Farkash, head of the Israeli Military Intelligence Directorate
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