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.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Hershey's new logo launched, compared to emoji poop
2
Brazil Air Force, Saab discuss Gripen procurement deal
3
The 'Home of the Whopper' to keep headquarters in U.S.
4
Abercrombie & Fitch axes logos after years of declining sales and bad press
5
Google completes first phase of testing drone delivery system
Trending News
Video
x
Feedback