facebook
twitter
rss
account
search
search
 

Factory orders up slightly in October

Dec. 5, 2012 at 11:34 AM   |   Comments

WASHINGTON, Dec. 5 (UPI) -- U.S. factory orders for manufactured goods rose marginally in October, easing back from a big jump in the previous month, the Census Bureau said Wednesday.

After rising 4.5 percent in September, a figure revised down from 4.8 percent, new orders for manufactured goods rose by 0.8 percent in October or by $3.8 billion to $477.6 billion.

The gain beat expectations, which called for no gain in the month.

New orders for big-ticket transportation items made up the difference. Excluding transportation orders, new factory orders rose 1.3 percent in the month.

New orders have risen for three of the past four months.

Orders for durable goods -- defined as merchandise expected to last at least three years -- rose by 0.5 percent to $217.9 billion after rising 9.8 percent in September.

New orders for non-durable goods rose by 1.1 percent to $259.7 billion, following a 1 percent drop in September.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Tesla could face sales ban in Michigan Tesla could face sales ban in Michigan
2
Early completion of refit of Italian aircraft carrier Early completion of refit of Italian aircraft carrier
3
Russia doesn't fear Azeri gas, scholar says Russia doesn't fear Azeri gas, scholar says
4
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
5
British Reaper UAVs join the fight against Islamic State British Reaper UAVs join the fight against Islamic State
Trending News
Around the Web
x
Feedback