According to an article in the New York Times, orders to American factories increased in December even though companies trimmed their orders for goods that signal investment plans.
Factory orders rose 1.8% in December compared with November, when orders had fallen 0.3%, according to the Commerce Department.
But demand for core capital goods, a category considered a proxy for business investment plans, fell 0.3% in December after strong gains of 3.3% in November and 3% in October.
Orders for durable goods, items expected to last at least three years, rose 4.3%, slightly below the 4.6% estimated in a preliminary report. The increase reflected strong gains for military and civilian aircraft.
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