Factory Orders in U.S. Increase More Than Forecast

[jpak]

http://www.businessweek.com/news/2010-01-05/factory-orders-in-u-s-increase-more-than-forecast-update2-.html

Factory orders in the U.S. rose in November more than twice as much as anticipated, led by gains in demand for business equipment that indicate companies are boosting spending and production.

Demand has increased against a backdrop of record inventory reduction during the first nine months of 2009, spurring production at the nation’s factories. The acceleration that led the economy out of the worst recession since the 1930s may soon be accompanied by hiring and more corporate investment.

<snip>

Bookings for capital goods excluding aircraft and military equipment, a measure of future business investment, increased 3.6 percent, up from the previously reported 2.9 percent increase. Shipments of those goods, used to calculate gross domestic product, climbed 1.1 percent, compared with 0.8 percent reported earlier.

Orders for non-durable goods, which include food, petroleum and chemicals, increased 1.8 percent in November after a 2.2 percent increase a month earlier.

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[jpak]

1. kicking for DOOM

n/t

[DavidDvorkin]

2. Awful news

November is going to be a disaster for the Dems. Someone will be along soon to explain this to us.

I've been unemployed since May 2009, and I'm starting to see more job listings and to feel some optimism. Guarded, cautious, but still it's optimism.

[earth mom]

3. What factories? The U.S. doesn't make squat anymore.

:wtf:

[Kolesar]

4. paint, chemicals, medical, pipe, airplanes, motors,

how about them?

[quiller4]

5. The US makes less than it did 10 or 15 years ago but it is still the

#2 producer nation in the world.

[Quantess]

6. Good news.