FILE - In this Tuesday, March 5, 2013, file photo, specialist Christian Sanfillippo, right, smiles as he works at his post on the floor of the New York Stock Exchange. The Dow's new all-time high and better economic data from the United States propelled world stock markets higher Wednesday March 6, 2013. (AP Photo/Richard Drew, File)
News Summary: Investment orders post strong rise
Published: 05:30:02 PM, Wed 06 March 2013 UTC
INVESTMENT ORDERS: U.S. orders for machinery and other factory goods that signal business investment surged in January, rising 7.2 percent from December, the biggest gain in more than a year.
FACTORY ORDERS: Total factory orders fell 2 percent in January but the decline was mostly due to a steep drop in volatile commercial aircraft and defense orders.
OUTLOOK: The big rise in demand for so-called core capital goods was viewed as an encouraging sign of business confidence in the economy. Some economists boosted their outlook for overall growth in the current January-March quarter based on the orders report.
Tags:
english-language films, news summary, demand, economics, percent, outlook, business, investment, the current, decline, economists, business investment, biggest gain, orders, steep drop, big rise, business confidence, factory orders, encouraging sign, overall growth, current january-march quarter, total factory orders, factory goods, strong rise, so-called core capital, u.s. orders, defense orders, investment orders, investment orders post, orders report, volatile commercial aircraft
