Factory orders rise three months running

Nov. 3, 2011 at 1:54 PM

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.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting