Factory Orders up on Defense Spending

Factory Orders (December 2012)

– Factory Orders (Month/Month)  +1.8%

November was revised down from +0.0 to -0.3%.

Factory Orders, along with most everything else, suffered a large drop after the Lehman BK, spiked upward and have been showing very slow growth for all of 2012.

Most, if not all, of the gain came from a 56.4% increase in orders for Defense Aircraft and parts.  The full report is available here http://www.census.gov/manufacturing/m3/