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Orders to U.S. factories for costly goods rose a bigger-than-expected 2 percent in December, suggesting better days may be ahead for the nation s battered manufacturing sector.The rebound in orders for durable-goods 151; items expected to last at least three years 151; came after new orders fell by a steep 6 percent in November, the Commerce Department reported Tuesday.Many analysts had predicted a 1.5 percent increase in December s orders.Manufacturers have borne the brunt of the ailing national economy, which slid into a recession in March. To cope, they have sharply cut production, trimmed hours and laid off workers. Last year, factories shed 1.3 million jobs, or about 7 p
stanley mug ercent of their work force.As evidence of just how much damage has been inflicted on the manufacturing sector, the department said that for all of 2001 durable-goods orders fell by a record 13.2 percent, the worst showing since the government began keeping records using the current classification system in 1992. In 2000, orders rose by 6.7 percent. Tuesday s report and other recent data suggest the recession in the manufact
stanley mugs uring sector may be bottoming out, economists say.A report released by the Institute for Supply Management earlier this month showed that a rise in new orders to factories helped push a key gauge of manufacturing activity higher in December, a sign the sector is beginning to emerge from a 17-month slump.Before manufacturing can fully recover
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