Factory orders decrease for first time in six months

By Richard Foster-Shelton Medill Reports The U.S. Census Bureau announced new orders for manufactured goods in January were $491.7 billion, a decrease of $6.9 billion or 1.4 percent from December’s $498.6 billion. The month-to-month decrease comes after five consecutive monthly increases from July to December. Unfilled orders dropped to $1.14 trillion from $1.44 trillion, a […]

Construction spending rise tops expectations


By Kaitlin Schuler Spending on construction in the United States rose by the largest amount in eight months in January, with growth in nonresidential projects counteracting a slight drop in residential construction spending. According to a report issued Tuesday by the Department of Commerce, construction spending increased 1.5 percent from December to a seasonally adjusted $1.14 trillion […]