US factory orders up 1.8 percent in December

February 4, 2013 • National News

In this Tuesday, Dec. 11, 2012, photo, FedEx workers sort packages at the Oakland Regional Sort Facility in Oakland, Calif. U.S factory orders increased 1.8 percent in December from November when orders had fallen 0.3 percent. (AP Photo/Ben Margot)

WASHINGTON (AP) — U.S. factory orders increased in December even though companies trimmed their orders for goods that signal investment plans.

Factory orders rose 1.8 percent in December compared to November, when orders had fallen 0.3 percent, the Commerce Department said Monday.

But demand for core capital goods, a category considered a proxy for business investment plans, dipped 0.3 percent in December following strong gains of 3.3 percent in November and 3 percent in October.

Orders for durable goods, items expected to last at least Login to read more

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