WKYT | Lexington, Kentucky | News

US factory orders up 3US factory orders up 3 percent in February

U.S. factories rose sharply in February from January, helped by a surge in demand for volatile aircraft. The gain offset a drop in orders that signal business investment.

MGN Online

WASHINGTON (AP) - U.S. factories rose sharply in February from January, helped by a surge in demand for volatile aircraft. The gain offset a drop in orders that signal business investment.

The Commerce Department says factory orders rose 3 percent in February, up 1 percent decline in January. It was the best showing in five months.

Orders for all durable goods, which are products expected to last at least three years, jumped 5.6 percent. Orders for nondurable goods, such as processed food and clothing, edged rose 0.8 percent.

Still, core capital goods, which include machinery and equipment orders, fell 3.2 percent. The decline followed a 6.7 percent surge in January, the largest in nearly three years. Economists closely watch these orders because they signal business investment plans.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 201051151 - wkyt.com/a?a=201051151