Monday, December 22nd4.7°C
24124
24105

US factory orders increase 1.1 per cent in March with business investment jumping 3.5 per cent

WASHINGTON - Orders to U.S. factories advanced strongly for a second month in March while demand in a key category that signals business investment plans increased by the largest amount in more than a year.

The strength was further evidence that the economy was rebounding after a harsh winter.

The Commerce Department says orders increased 1.1 per cent in March after increasing 1.5 per cent in February. Those gains followed two months of declines in December and January.

Orders for core capital goods, considered a good proxy for business investment, jumped 3.5 per cent in March, rebounding from a 0.9 per cent drop in February. It was the biggest increase since January 2013.

Economists say rising demand will boost factory production in coming months, helping the overall economy emerge from a winter slowdown.

The Canadian Press


Read more Business News

24153


Recent Trending




Today's Market
S&P TSX14468.26+121.51
S&P CDNX676.54+11.04
DJIA17804.8026.65
Nasdaq4765.38+16.983
S&P 5002070.65+9.42
CDN Dollar0.8626+0.0009
Gold1197.90+2.00
Oil56.50+2.39
Lumber338.00-0.70
Natural Gas3.32-0.144

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.03
Cantex0.03-0.005
Anavex Life Sciences0.1726+0.0026
Metalex Ventures0.05-0.005
Russel Metals25.58-0.42
Copper Mountain Mining1.55-0.02
Colorado Resources0.120.00
ReliaBrand Inc0.011-0.0089
Sunrise Resources Ltd0.05-0.005
Mission Ready Services0.215-0.01

 
24130




FEATURED Property
21594021112 Westpoint Drive
10091548 bedrooms
$299,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


My final thoughts on real estate

This will be the last column I write on real estate. Largely because at the end of the year I will be handing in my license. After 20+ years of working in land development, resort development and rea...


Reflecting on the end of the year

The importance of the end of the year and the Christmas holidays is profound. It is a time to reconnect with family and traditions that have made us who we are. But the year-end has always been a time...


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...

_



24386

24386


Member of BC Press Council


24333