Factory Orders Higher Monday, February 4, 2:30 PM ET
According to the Commerce Department, U.S. factory orders were higher in December despite that companies trimmed orders for goods. Factory orders were higher by 1.8 percent in December versus November, when orders had fell by 0.3 percent. Orders for core capital goods fell by 0.3 percent in December after gains of 3.3 percent in November and 3 percent in October. Orders for durable goods increased by 4.3 percent, slightly below the 4.6 percent estimate initially, reflecting strong gains for aircraft.
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