US factory orders rise to 10-month high in Jan
The data revealed that orders for motor vehicles and parts increased 3% in January while orders for non-defense capital goods excluding aircraft rose 3.9% following an upwardly revised decline of 3.7% in December.
Meanwhile, shipments of core capital goods fell 0.4% in January while inventories of factory goods dropped 0.1% after rising for the first time in five months in December.
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