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/