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Orders to US factories rose 1.1 per cent in December, with strong demand seen for capital goods

By Martin Crutsinger, The Associated Press  | February 03, 2012
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This Jan. 25, 2012 photo, shows coils of Brass inside Master Lock company in Milwaukee, Wis. Orders to U.S. factories rose in December, supported by a rebound in business investment in capital goods such as heavy machinery. (AP Photo/Jeffrey Phelps)
This Jan. 25, 2012 photo, shows coils of Brass inside Master Lock company in Milwaukee, Wis. Orders to U.S. factories rose in December, supported by a rebound in business investment in capital goods such as heavy machinery. (AP Photo/Jeffrey Phelps)

WASHINGTON - Orders to U.S. factories rose in December, supported by a rebound in business investment in capital goods such as heavy machinery.

The results cap off another strong year for U.S. manufacturing.

The Commerce Department says factory orders rose 1.1 per cent following a 2.2 per cent gain in November. For the year, total orders were up 12.1 per cent following a gain of 12.9 per cent in 2010. Orders had plunged 22.1 per cent in the 2009, the year a deep recession ended.

For December, orders for so-called core capital goods, which are viewed as a good measure of business investment plans, rose 3.1 per cent to an all-time high. That gain was driven in part by a rush by businesses to take advantage of expiring tax breaks.

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