Monday, January 23, 2017

S&P500
2265.2
-6.11
-0.27%
NASDAQ
5552.94
-2.39
-0.04%
NYSE
11170.628
-22.164
-0.1980%
GOOG
819.31
+14.29
+1.78%
YHOO
42.4
+0.35
+0.83%
AAPL
120.08
+0.08
+0.07%
AMZN
817.88
+9.55
+1.18%
FB
128.93
+1.89
+1.49%
BPOP
44.17
-0.26
-0.59%
EVTC
17.4
-0.05
-0.29%
OFG
13.05
-0.05
-0.38%
FBP
6.54
-0.08
-1.21%
GTS
19.64
-0.1
-0.51%
S&P500
2265.2
-6.11
-0.27%
NASDAQ
5552.94
-2.39
-0.04%
NYSE
11170.628
-22.164
-0.1980%
GOOG
819.31
+14.29
+1.78%
YHOO
42.4
+0.35
+0.83%
AAPL
120.08
+0.08
+0.07%
AMZN
817.88
+9.55
+1.18%
FB
128.93
+1.89
+1.49%
BPOP
44.17
-0.26
-0.59%
EVTC
17.4
-0.05
-0.29%
OFG
13.05
-0.05
-0.38%
FBP
6.54
-0.08
-1.21%
GTS
19.64
-0.1
-0.51%

US factory orders drop 2.4% but investment up

By on January 6, 2017

WASHINGTON, D.C. — Orders to U.S. factories fell for the first time in five months in November, but much of the weakness reflected a swing in the volatile category of commercial aircraft. A key category that tracks business investment spending posted an increase.

The Commerce Department says factory orders dropped 2.4 percent after a 2.8 percent rise in October. It was the first decline since June but the weakness was led by a 73.8 percent plunge in demand for commercial aircraft following a 94.5 percent surge in October.

A key category that serves as a proxy for business investment spending increased 0.9 percent after a 0.5 percent rise in October. This category has lagged for much of this year as a result of big cutbacks in the oil and gas industry.

image_print
Start your Free Trial for a limited time!