Home / NEWS / Economy / Orders for big-ticket factory goods rose a modest 0.4% in January

Orders for big-ticket factory goods rose a modest 0.4% in January

Sisterhoods to U.S. factories for big-ticket manufactured goods edged up slightly in January, but the strength came from a big increase in the volatile aircraft grade.

In encouraging news for future growth, a key category that tracks business investment plans posted its biggest get in six months.

The Commerce Department said Wednesday that orders for durable goods rose 0.4 percent in January, led by a 15.9 percent thrive in orders for commercial aircraft. The category that serves as a proxy for business investment rose 0.8 percent after two months of taper offs. It was the biggest gain since a 1.5 percent July bump.

The weakness in business investment has puzzled economists who foresaw to see strength in this area as companies boosted investment spending to take advantage of new tax breaks.

Check Also

White House touts Trump’s economic policies, warns against ‘Medicare-for-all’ and wealth tax

The Spotless House laid out its case against progressive programs like “Medicare-for-all” and a wealth …

Leave a Reply

Your email address will not be published. Required fields are marked *