- Waller deemed competent to stand trial (1/11/17)5
- Young Elvis impersonator from Bernie performs on 'Ellen DeGeneres Show' (1/12/17)
- Two subjects of interest in 1992 homicide to take polygraph tests (1/15/17)7
- 113 drug tests at Jackson High net one instance of illicit usage (1/11/17)15
- Two men shot after argument; houses also struck by bullets (1/12/17)21
- Business notebook: Jackson salon owner also opens a clothing store (1/16/17)
- Cape SportsPlex contractor offers a look at the project (1/15/17)14
- Two Cape men recovering after shooting (1/13/17)
- Imo's Pizza will be added to Rhodes 101 convenience store in Jackson (1/10/17)16
- Wallingford proposes bill to collect sales taxes on online purchases (1/11/17)30
Goods orders up 2 percent
WASHINGTON -- Orders to U.S. factories for costly goods rose a bigger-than-expected 2 percent in December while a key gauge of consumer confidence improved in January for a second straight month. The reports suggested better days may be ahead for the battered economy.
The New York-based Conference Board reported Tuesday that its Consumer Confidence Index rose to 97.3 in January. The surprisingly strong gain followed an increase in December to 94.6.
"While the economy has not turned around yet, the worst may well be over," said Conference Board research director Lynn Franco.
The Commerce Department said the December rebound in orders for durable goods, items expected to last at least three years, followed a steep 6 percent decline in November.
The gain in orders was better than the 1.5 percent increase many analysts had been expecting.