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US factory orders post the highest increase
Monday, February 4, 2008
FXstreet.com (Barcelona) – New orders for manufactured products have grown slightly below expectations but yet at their fastest pace since records are taken in 1992, posting their sixth increase of the last seven months, according to data released by the Commerce Department.
In December, orders for manufactured gods have increased 2.3% from November to $441,61 billion following a 1.7% monthly rise in November, revised up from the previously estimated 1.5% rise. December’s increase, although high, did not meet the experts forecasts, which had advanced a 1.5% increase.
Shipments, however have fallen 0.3% in the month for the first time in the last four months, while unfilled orders have posted a 2.5% rise.
Orders for manufactured durable goods have increased 5.0% in December, following a 0.5% increase in November, non durable good orders have increased 0.4%.
