Modest gain of 1.3% in October for manufactured goods
Martin Crutsinger | Hagadone News Network | UPDATED 5 years AGO
WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods showed a modest gain in October with a key category that tracks business investment also showing weakness.
Orders for durable goods, items expected to last at least three years, edged up a slight 1.3% in October after a 2.1% gain in September, the Commerce Department said Thursday.
A category that tracks business investment plans rose a slight 0.7% in October after a 1.9% gain in September.
Economists are concerned that U.S. factories are still facing significant headwinds including a sharp rise in recent weeks in coronavirus cases that could cause demand to suffer in coming months.
ARTICLES BY MARTIN CRUTSINGER
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WASHINGTON (AP) — The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare’s exhaustion date unchanged, the government reported Tuesday in a counterintuitive assessment that deepens the uncertainty around the nation's bedrock retirement programs.
COVID recession pushed Social Security insolvency up a year
WASHINGTON (AP) — The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare’s exhaustion date unchanged, the government reported Tuesday in a counterintuitive assessment that deepens the uncertainty around the nation's bedrock retirement programs.