Manufactured goods orders rise in December

Manufactured goods orders increased 1.1% to $466.2 billion in December.

New orders for manufactured goods increased 1.1 percent to $466.2 billion in December, the U.S. Census Bureau reported.

The gain was driven by increases in transportation equipment, which rose by 5.4 percent to $58.3 billion.

Shipments increased 0.7 percent to $459.4 billion, marking the seventh straight month of increased shipments. This followed a 0.2 percent November increase.

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Source: Industrial Supply magazine