Orders to US factories rose less than forecast in December

Orders placed with US factories increased less than forecast in December, reflecting a drop in non-durable goods that overshadowed gains in construction equipment and computers.

4th February, 2013
A fourth-quarter pickup in demand is spurring companies including automakers such as Chrysler and Ford.

Orders placed with US factories increased less than forecast in December, reflecting a drop in non-durable goods that overshadowed gains in construction equipment and computers.

Bookings climbed 1.8 per cent after a revised 0.3 per cent drop in November that was initially reported as unchanged, figures from the Commerce Department showed today in Washington.

Demand for durable goods increased 4.3 per cent, little changed from 4.6 per cent gain estimated last week, while non-durables dropped 0.3 per...

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