Partly reflecting a spike in orders for transportation equipment, the Commerce Department released a report on Thursday showing a bigger than expected increase in new orders for U.S. manufactured goods in the month of January.

The Commerce Department said factory orders surged up by 2.6 percent after jumping by an upwardly revised 1.6 percent in December.

Economists had expected factory orders to advance by 2.1 percent compared to the 1.1 percent increase originally reported for the previous month.

The report said orders for durable goods shot up by 3.4 percent in January, led by the 7.7 percent spike in orders for transportation equipment. Orders for non-defense aircraft and parts soared by 389.9 percent.

Orders for non-durable goods also showed a notable increase, jumping by 1.9 percent in January following a 2.0 percent surge in December.

The Commerce Department also said shipments of manufactured goods climbed by 1.9 percent in January following a 2.1 percent increase in December.

Inventories of manufactured goods showed a more modest increase, inching up by 0.1 percent in January after rising by 0.3 percent in December.

The inventories-to-shipments ratio subsequently dipped to 1.36 in January from 1.38 in the previous month.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.