Orders to U.S. Factories Fell in January for First Time in Three Months

Orders to U.S. factories decreased in January for the first time in three months, a sign manufacturing is cooling at the beginning of the year.

Bookings (TMNOCHNG) fell 1 percent after a revised 1.4 percent gain in December that was larger than previously estimated, figures from the Commerce Department showed today in Washington. The median of 61 economists’ projections in a Bloomberg News survey called for a 1.5 percent decline.

Rising oil prices and the expiration of a tax credit at the end of 2011 that supported business investment represent a risk to American manufacturers. At the same time, the need to rebuild inventories and replace outdated equipment may help keep factories at the forefront of the economic expansion.

Read Full News


Resources For YOU:

• Credit Cards For Bad Credit
• Personal Loans For Bad Credit
• Payday Loans