Orders for US durable goods up 2.8 percent in January

Staff Writer
Columbus CEO

WASHINGTON (AP) — Orders to U.S. factories for long-lasting manufactured goods rebounded in January as a key category that signals business investment plans showed an increase.

The Commerce Department says orders for durable goods increased 2.8 percent in January after declines of 3.7 percent in December and 2.2 percent in November.

Demand in a category that serves as a proxy for business investment increased 0.6 percent in January following declines of 0.7 percent in December and 0.5 percent in November.