Factory orders up in December
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U.S. factories saw demand for their products rise in December by the largest amount in five months, a spot of welcome news that failed to change the picture of an economy struggling to stay afloat.
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The outlook for US manufacturing improved in November as factories hired more workers in response to a jump in new orders, a national survey published on Wednesday showed.
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The outlook for U.S. manufacturing improved in November as factories hired more workers in response to a jump in new orders, a national survey published on Wednesday showed.
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Wal-Mart Stores Inc.  said on Saturday it still expects a 1 percent to 3 percent increase in December sales at its U.S. stores open at least a year as sales of general merchandise and winter items improved in the latest week.
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Retail sales, helped by sizzling activity in auto showrooms, jumped by 1.2 percent in December, providing a solid finish to a year in which sales climbed at the fastest pace this decade.
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The Dow industrials and S&P 500 edged higher on Thursday as a larger-than-expected rise in factory orders eased worries about the economy.
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Orders for durable goods including computers and communications equipment rose last month by the most since March, evidence that US manufacturing is gaining momentum less than two months before the presidential election.
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Employment climbed at a steady pace in December, suggesting the economy is on a solid footing but that employers are still cautious about hiring.
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The UK's jobless total rises for the second month in a row in December, despite a rise in employment levels.
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UK manufacturing orders are at a 12-year high, according to the EEF, and specialist carmakers are leading the way.
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WASHINGTON -- America's factories saw orders go up by a strong 1.2 percent in November, the biggest advance in four months and a sign the nation's manufacturing sector was gaining momentum as the new year loomed.
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NEW YORK - Improving conditions in the labor market and cheaper energy prices led to a sharp increase in consumer confidence in December.
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U.S. stocks climbed on Thursday, after durable goods data pointed to a healthy pace of activity in the factory sector and another report showed an improvement in consumer sentiment for December, but the session was expected to be quiet before the Christmas holiday.
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U.S. retail sales jumped a more-than-expected 1.2 percent in December, the government said on Thursday, as car dealers, furniture stores and on-line retailers reported strong sales.
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Retail sales have risen sharply in the run-up to the key Christmas season, adding to data which suggests the economy is gathering pace and interest rates may rise next year.
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Output in the UK's manufacturing sector rises for the fourth month in a row, official figures show.
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U.S. stocks climbed on Thursday, after  durable goods data pointed to a healthy pace of activity in the  factory sector and another report showed an improvement in  consumer sentiment for December, but the session was expected  to be quiet before the Christmas holiday.