Factory orders decrease for first time in six months
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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
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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 […]