Business Investment

business investment: The Commerce Department said Tuesday that factory orders rose 2.1 per cent in May. Aprils increase was revised higher to 1.3 per cent from 1 per cent, according to 660 News. A category of orders thats viewed as a proxy for business investment plans which excludes the volatile areas of transportation and defence rose 1.5 per cent. That was even stronger than solid gains in the previous two months and WASHINGTON Orders to U.S. factories rose in May, helped by a third straight month of stronger business investment. The gains suggest manufacturing may be picking up after a weak start to the year. Most of the increase in May was due to a big jump in volatile commercial aircraft demand. Still, businesses also ordered more machinery, computers and household appliances. (www.immigrantscanada.com). As reported in the news.