You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

US factory orders unchanged in November

A boost in factory orders reflected firms’ investment plans for the year.

Nam Y. Huh /Associated Press

A boost in factory orders reflected firms’ investment plans for the year.

WASHINGTON — US companies boosted their orders in November for manufactured goods that reflect investment plans even though total orders were unchanged for the month.

Factory orders were flat in November, compared with October when orders had risen 0.8 percent, the Commerce Department said Friday.

Continue reading below

Durable goods rose 0.8 percent while nondurable goods fell 0.6 percent, reflecting falling petroleum prices.

Orders for core capital goods, a category considered a proxy for business investment plans, increased a solid 2.6 percent after a 3 percent rise in October, which had been the strongest gain in 10 months.

Factories appear to be recovering slowly from a slump earlier in the year although there are still concerns given a weak global economy that is restraining US exports.

The back-to-back increases in core capital goods followed a period of weakness that had raised concerns about business investment, a driving force in the economic rebound.

Analysts say companies will boost spending on computers and other equipment to expand and modernize now that Congress and President Obama have reached a deal on taxes that will remove uncertainty that had been weighing on business investment decisions.

The last-minute agreement signed by Obama Wednesday averts widespread tax increases and delays deep spending cuts that had threatened to push the country back into recession.

The economy grew at an annual rate of 3.1 percent in the July-September quarter, much better than the 1.3 percent pace in the April-June period.

But economists expect growth slowed in the final three months of last year, partly because of the uncertainties surrounding the fiscal cliff

Loading comments...
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.