SUBSCRIBERS
Rebound in January factory orders points to easing in manufacturing slump
Published Thu, Mar 3, 2016 · 09:50 PM
Washington
NEW orders for US factory goods increased by the most in seven months in January, in another hopeful sign for the troubled manufacturing sector.
The Commerce Department said on Thursday new orders for manufactured goods rebounded 1.6 per cent after an unrevised 2.9 per cent drop in December. That was the largest increase since June and followed two straight months of declines.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
China firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs