U.S. Factory Orders Show Slight Uptick In January

With a drop in orders for non-durable goods partly offsetting an increase in orders for durable goods, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured goods edged only slightly higher in the month of January.

The Commerce Department said factory orders inched up by 0.1 percent in January, matching the 0.1 percent uptick in December. Economists had expected orders to rise by 0.3 percent.

by RTTNews Staff Writer

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