Factory Orders Expand by 0.2 percent, Reaching $436B
02/04/2011
Economists expect businesses to utilize tax breaks that Congress passed in December to increase spending on new equipment, which will in turn drive the growth of manufacturing. The tax breaks expire after this year.
However, durable goods orders decreased 2.3 percent in December. A significant drop in demand for commercial aircraft pulled that figure down. Demand in the transportation industry declined 12.7 percent as a result. But motor vehicle demand, including parts, increased 1.7 percent.
Nondurable goods orders increased 2.3 percent in December.
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
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Zekelman Industries Expands Blytheville, Arkansas, Operations
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Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
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Master Steel Expands Hardeeville, South Carolina, Operations
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L3Harris Technologies Expands Orange County, Virginia, Operations
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