TITLE

Factory Orders Up; Inventories Decline

AUTHOR(S)
Ferris, Craig T.
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/4/2005, Vol. 351 Issue 32064, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that new factory orders for manufactured goods, excluding semiconductors, increased in December, inching up 0.3%, or $1.0 billion, to a record $379.1 billion, the Commerce Department said. The hike in new orders--the seventh in the last eight months--followed an upwardly revised increase of 1.4% in November, initially reported as a 1.2% gain. New orders were 11.1% above the same period a year ago. IFR BondData Americas' poll of economists had projected that new orders would increase by 0.8%.
ACCESSION #
15950827

 

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