facebook
twitter
rss
account
search
search
 

Factory orders up 1.8 percent in December

Feb. 4, 2013 at 11:50 AM   |   Comments

WASHINGTON, Feb. 4 (UPI) -- U.S. factory orders for manufactured goods rose in December, but fell short of gains economists had expected, the Census Bureau said Monday.

New orders were up by 1.8 percent, increasing by $8.6 billion to $484.8 billion. Economists, however, had expected a rise of 2.2 percent.

The increase exceeded the 0.8 percent improvement in October and the 0.3 percent decline in November, a figure revised from a month earlier, when November's new orders were reported as a slight gain.

Excluding transportation, new manufacturing orders rose by 0.2 percent.

As that implies, new orders for transportation items, which include planes, trains and ships, included the bulk of the new business. Of the $8.6 billion overall increase, transportation items made up $7.9 billion of that. Transportation orders were up 11.7 percent to $75.6 billion.

In December, new orders for non-durable goods fell by 0.3 percent or $800 million to $254.8 billion.

© 2013 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
Apple sells 10 million new iPhones during the first weekend Apple sells 10 million new iPhones during the first weekend
2
Starbucks testing a latte that tastes like beer Starbucks testing a latte that tastes like beer
3
Iran could retool pipeline for Pakistan Iran could retool pipeline for Pakistan
4
Iraq relying on oil wealth from Basra Iraq relying on oil wealth from Basra
5
Greenpeace puts more pressure on LEGO Greenpeace puts more pressure on LEGO
Trending News
Video
x
Feedback