Friday, November 17, 2017
 
 
News: Page (1) of 1 - 03/05/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
US factory orders fell 1 percent in January
US factory orders fell 1 percent as businesses sharply reduced demand for capital goods
By The Associated Press

WASHINGTON (AP) ' Businesses sharply reduced orders for machinery and other core capital goods in January after a tax credit expired, pushing U.S. factory orders down by the largest amount in 15 months.

Even with the decrease, orders are near pre-recession levels.

The Commerce Department says factory orders fell 1 percent in January. Investment in a category considered a proxy for business investment fell 3.9 percent, the biggest decline in a year. This followed a big increase in December, the final month businesses could take advantage of a one-year investment tax break.



Orders totaled $462.6 billion in January, 37.7 percent above the recession low hit in March 2009 and only 4.6 percent below the previous orders peak set in June 2008. Manufacturing has been one of the bright spots in the recovery.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines