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US factory orders rise more than expected in Dec

by ChemOrbis Editorial Team - content@chemorbis.com
  • 07/02/2017 (16:20)
According to data released by the US Commerce Department, the country’s factory orders increased by 1.3% in December after a fall of 2.3% in November and beat the estimates of an increase of 0.9%.

The more than expected rise in factory orders was attributed to an increase in non-durable orders by 3.1% in December following a 0.2% fall in the previous month.

The data showed that non-defense new orders for capital goods were up by 3.8%, shipments increased by 1.8% while inventories rose slightly by 0.3% in December.

Factory orders fell by 1.4% for 2016, following a drop of 6.3% in 2015, according to the data.
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