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WASHINGTON - Factory orders are picking up and the economy might soon follow.
A rise in demand for long-lasting manufactured goods in May suggests the parts shortage stemming from the Japan crises is fading. It also would support the view offered by many economists, who have suggested that the economic slowdown is temporary and that growth will strengthen this summer after six dismal months.
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WASHINGTON - Factory orders are picking up and the economy may soon follow.
A rise in demand for long-lasting manufactured goods in May suggests the parts shortage stemming from the Japan crises is fading. It would also support the view offered by many economists, who have suggested that the economic slowdown is temporary and that growth will strengthen this summer after six dismal months.
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WASHINGTON - Factory orders unexpectedly rose in November, led by gains in demand for capital equipment that signal business investment and exports will keep contributing to economic growth.
The 0.7 percent increase in bookings compares with a 0.1 percent drop median forecast of economists surveyed by Bloomberg News and follows a 0.7 percent decrease in October that was smaller than previously estimated, figures from the Commerce Department showed Tuesday in Washington. Orders for capital goods like computers climbed 2.6 percent.
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WASHINGTON - Businesses ordered more factory goods in November, responding to stronger consumer demand for household appliances, computers, and furniture.
The Commerce Department says that total orders increased 0.7 percent in November. That follows a 0.7 percent drop in October. The overall figure was pulled down by a drop in volatile transportation orders. Excluding aircraft and autos, orders rose 2.4 percent - the largest jump for that category in eight months. The November increase left total orders at $424.5 billion. Economists consider that a healthy range for manufacturing activity. It's 20.4 percent above the recession low, hit in March 2009.
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Orders for factory-made goods that signal business investment plans fell for a second straight month, part of a mixed report on manufacturing in November.
Overall, factory orders rose 1.8 percent, the Commerce Department said on Wednesday. The largest increase since July was chiefly because of a surge in airplane orders, which can be volatile from month to month. Demand for so-called core capital goods, such as computers and electronic equipment, declined 1.2 percent after a similar drop in October.
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Watchful investors cheered news Thursday about global efforts to halt the economic crisis, accounting changes that could help beleaguered banks and an unexpected rise in factory orders, sending the Dow Jones industrials up 216 points.
The surge in stock buying pushed the Dow higher for the third consecutive day, a period in which the index is up 6%. The Dow rose above 8000 for the first time since Feb. 10 before slipping back to close at 7978.08, up 216.48, or 2.8%.
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WASHINGTON -- Factory orders rose in February, bolstered by strong demand for industrial machinery and commercial aircraft. It was the 10th increase in 11 months as manufacturing continues to provide crucial support for the nation's economic recovery.
We're not a red-hot economy," said Tim Quinlan, an economist at Wells Fargo. "But the recovery is still plodding along.
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Markets closed out the shortened Easter week with an increase in factory output and a drop in unemployment claims to boost recovery hopes. As the trading session ended last week, the Commerce Department reported that factory orders rose for the 10th time in 11 straight months, and a private trade group said that manufacturing rose in March at the fastest rate in 5.5 years. The Labor Department announced that new unemployment claims fell by 6,000 last week, the fourth decrease in five weeks, to a seasonally adjusted 439,000. Although jobless claims are still high, economists were expecting the Labor Department to release a strong employment report after the session's close. "Just getting (an employment) number with six digits - over 100,000 - is, I think, very much encouraging to a lot o...
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WASHINGTON -- Orders to U.S. factories turned in the slowest performance in three months in May, as a surge in demand for commercial aircraft was not enough to offset weakness in autos, heavy machinery and steel.
Factory orders rose by 0.6 percent in May, less than half the gains turned in during April and March, the Commerce Department reported Wednesday. It was the poorest showing since factory orders had fallen by 0.4 percent in February.
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In an impressive victory for workers, a Managua Appeals Court ordered Chentex Garments to reinstate nine union officials whom the company had fired la...