Economic Buzz: US Factory Orders Pull Back In December

4 Feb 2022 , 08:45 AM

US factory orders fell by 0.4 percent in December after surging by an upwardly revised 1.8 percent in November, the Commerce Department reported on Thursday. The pullback in factory orders came as durable goods orders slid by 0.7 percent in December after spiking by 3.2 percent in November. Orders for non-durable goods also edged down by 0.2 percent in December following a 0.5 percent increase in the previous month.

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