U.S. Factory Orders Inch Up In Line With Estimates In January

New orders for U.S. manufactured goods rose slightly in January, the Commerce Department reported Wednesday. The modest uptick signals a small improvement in factory demand versus the prior month but offers limited new information for growth or inflation forecasts and is unlikely to meaningfully move markets.

Analysis

New orders for U.S. manufactured goods rose slightly in January, the Commerce Department reported Wednesday. The modest uptick signals a small improvement in factory demand versus the prior month but offers limited new information for growth or inflation forecasts and is unlikely to meaningfully move markets.