Factory Orders Slide
December 5, 2011 by UPI - United Press International, Inc.
WASHINGTON, Dec. 5 (UPI) — U.S. factory orders fell in September and October, the U.S. Census Bureau reported Monday.
Factory orders fell 0.4 in October, in line with expectations. In Monday’s report, however, the bureau revised September’s 0.3 percent rise to a 0.1 percent decline.
New orders turned slightly higher, up 0.1 percent with defense orders excluded from the data. Excluding transportation orders allowed all other orders to rise 0.2 percent.
As that suggests, new orders under the category of transportation — big-ticket items such as trains, ships, trucks and planes — had the largest decrease in the month with orders down 5.1 percent or by $2.5 billion to $47.2 billion.
New orders for non-durable goods — goods not expected to last three years — fell by 0.3 percent or $2.6 billion to $251.5 billion.
For durable goods, orders fell by 0.5 percent, or $900 million to $198.5 billion. Excluding transportation, durable goods orders rose 1.1 percent.