Reported about 6 hours ago
U.S. factory orders fell 0.9% in December, largely due to a significant drop in civilian aircraft orders, while other sectors showed slightly firmer demand. This decline follows a 0.8% drop in November, with orders remaining unchanged year-on-year. The manufacturing sector, which is hindered by high interest rates, is beginning to show signs of recovery but faces challenges from new tariffs on imports that could raise inflation and impact investment. Civilian aircraft orders plummeted by 45.7%, contributing to a broader 7.4% decline in transportation equipment orders.
Source: YAHOO