U.S. factory orders rise solidly; outlook uncertain ...Middle East

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U.S. factory orders rise solidly; outlook uncertain
source : Yahoo ( Middle East ) () 21
New orders for U.S.-made goods increased solidly in September, but further gains could be limited amid an anticipated slowdown in consumer spending as government money for businesses and workers impacted by the COVID-19 pandemic runs out. The Commerce Department said on Tuesday that factory orders rose 1.1% after climbing 0.6% in August. Orders were boosted by increased demand for primary metals, computers and electronic products as well as motor vehicles and fabricated metal products.

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