Alexa

December durable goods up slight 0.3 percent

December durable goods up slight 0.3 percent

Orders to U.S. factories for big-ticket manufactured goods posted a modest increase in December, but the gain was not enough to prevent orders from plunging by a record amount for the entire year.
The Commerce Department said Thursday that orders for durable goods edged up a slight 0.3 percent last month, a much weaker showing than the 2 percent advance economists had been expecting.
For all of 2009, durable goods orders plunged by 20.2 percent, the largest drop on records that go back to 1992. The decline highlighted the battering that U.S. manufacturers have suffered during the recession. Economists are hoping that improving outlooks in the U.S. and globally will make 2010 a better year for U.S. manufacturers.


Updated : 2021-04-18 02:57 GMT+08:00