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Factory orders rise three months running

Nov. 3, 2011 at 1:54 PM   |   Comments

WASHINGTON, Nov. 3 (UPI) -- U.S. factory orders rose for the third consecutive month in September, the U.S. Census Bureau reported Thursday.

Economists had expected factory orders for September to remain unchanged. Instead, following a marginal increase in August, orders increased by $1.4 billion or 0.3 percent to $453.5 billion.

New orders also rose 1.3 percent when transportation items were taken out of the mix.

As that suggests, new orders under the category of transportation orders -- including big-ticket items such as trains, ships, trucks and planes -- had the largest decrease in the month with orders down 7.1 percent or by $3.8 billion to $49.9 billion.

New orders for non-durable goods -- goods not expected to last three years -- rose by 1 percent or $2.6 billion to $252.5 billion.

For durable goods, orders fell by 0.6 percent, or $1.2 billion to $201 billion.

Shipments of manufactured goods, up for consecutive months, rose by 0.3 percent or $1.3 billion to $452.7 billion. Inventories at factories, up 23 of the past 24 months, rose by 0.1 percent or $600 million to $601.3 billion.

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