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12/5/2013 10:10:00 AM Write a Letter to the Editor Write a letter to the Editor

Factory Orders Decline in October


Natalie Behring/Bloomberg News

Factory orders declined 0.9% in October, the Commerce Department reported Dec.5.

The rise followed a revised 1.8% rise in September.

The increase was smaller than economists’ forecast of a 1% drop, Bloomberg News reported.

Durable goods orders fell 1.6% in October after a 4.2% rise the prior month. Orders for capital goods excluding transportation equipment was unchanged after falling 0.1% in September.

Nondefense capital goods orders, excluding aircraft, dipped 0.6% after declining 1.2% the previous month.

The trucking industry relies on factory orders and shipments for much of its business.

By Transport Topics

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