Factory Orders, Inventories Rise

Vadum, Matthew
January 2005
Bond Buyer;1/5/2005, Vol. 351 Issue 32043, p2
Trade Publication
The article reports that new factory orders for manufactured goods, excluding semiconductors, increased in November, climbing 1.2%. or $4.5 billion, to $377.4 billion. IFR BondData America's poll of economists had correctly projected that new orders would increase by 1.2%. New orders for durable goods rose 1.4%, or $2.7 billion, to $198.2 billion in November, following a revised 1.0% loss the previous month, initially reported as a 1.1% loss. Within durable goods new orders, defense capital goods had the largest decrease, falling 31.7%, the biggest drop since October 2002 when orders in that category fell 37.2%


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