Fri
Feb 3 2012
12:16 pm
By: R. Neal

AP: large amount of pent-up demand

Factory orders rose 1.1 percent following a 2.2 percent gain in November, the Commerce Department reported Friday. For the year, total orders were up 12.1 percent following a gain of 12.9 percent in 2010. Orders had plunged 22.1 percent in 2009, the year the deep recession ended.

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