(Washington, DC) — U.S. manufacturing is continuing to pick up steam. The Commerce Department says demand for items made in the USA has notched its biggest increase in more than a year. Factory orders jumped two-point-seven percent in October following an upwardly revised gain of six-tenths of a percent in September. That’s good news for manufacturers, who have been struggling with cutbacks in spending related to the oil industry and a strong dollar. Orders were especially strong for aircraft, electronics and appliances. But a figure used to track business investment remained weak.
Dawn Nici/jm
Copyright © 2016
TTWN Media Networks Inc.
12-06-2016 09:35:06