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VOL. 41 | NO. 9 | Friday, March 03, 2017

US factory orders up 1.2 percent in January

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WASHINGTON (AP) — U.S. businesses increased their orders in January, although a key component that tracks business investment spending fell for the first time in four months.

The Commerce Department says factory orders rose 1.2 percent, led by a jump in demand for aircraft. Orders had risen 1.3 percent in December.

A category that serves as a proxy for business investment edged down 0.1 percent in January after three months of solid gains. It was the first setback since a 1.5 percent decline in the category in September.

American manufacturing has been under stress for more than a year as a strong dollar cut into export sales and a big plunge in oil prices triggered cutbacks by energy companies. Manufacturers are expected to see stronger sales in 2017.

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0