Friday, November 4, 2011

Strong demand for machinery and computers

US factory orders rose in September after business investment jumped by its highest amount in six months.

Factory orders increased for a third straight month, rising by 0.3 percent, according to the latest figures.

Demand for core capital goods, seen as a bellwether for business investment spending, jumped 2.5 percent - driven by strong demand for machinery and computers - represented the largest increase since a 5.4 percent rise in March.

The report on factory orders covers durable goods, items expected to last at least three years, and non-durable goods, which includes products such as paper, chemicals and clothing.