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Factory orders off 0.8 percent in June

WASHINGTON, Aug. 3 (UPI) -- U.S. factory orders fell 0.8 percent in June, twice the drop economists expected, the U.S. Census Bureau reported Wednesday.

Economists expected factory orders to fall 0.4 percent.

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Orders fell for the second month out of the past three, dropping by $3.8 billion to $440.7 billion.

Excluding transportation items, orders rose 0.1 percent.

Orders in transportation by itself -- the category that includes planes, trains, ships and trucks -- fell by $4.3 billion or 8.6 percent to $45.3 billion, making up the bulk of the decrease.

For durable goods, orders fell by $3.8 billion or 1.9 percent to $192.4 billion.

Orders for non-durable goods rose slightly, the bureau said, to $248.2 billion.

Inventories of durable goods, up 18 consecutive months, rose by $1.8 billion or 0.5 percent to $357.8 billion.

Inventories of non-durable goods fell by $400 million or 0.2 percent to $236.5, the bureau said.

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