US factory orders up 1.8 percent in December
WASHINGTON (AP) — U.S. factory orders increased in December even though companies trimmed their orders for goods that signal investment plans.
Factory orders rose 1.8 percent in December compared to November, when orders had fallen 0.3 percent, the Commerce Department said Monday.
But 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.
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