Factory Orders increased by 3.1%, $13.6 billion, to $445.6 billion in January, higher than the expected 2.1% increase, following a 1.4% increase in December, revised upwards from an earlier reported 0.2% increase. Factory Orders are up 6 of the last 7 months. Excluding transportation, Factory Orders increased by 0.7%.
Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.