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Factory Orders Expanding
Published: Feb 03, 2012 12:00 am
Factory Orders Expanding
WASHINGTON (AP) â US factories grew in January at the fastest pace in seven months, boosted by a rise in new orders. And builders ended a poor year for construction by spending more on homes and projects for the fifth straight month.
The reports bolster other data showing the US economy started the year strong.
Consumers are buying more cars and trucks, while businesses ordered more machinery and other equipment. That has driven manufacturing, which expanded for the 30th straight month.