Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
2/4/2014 10:20:00 AM Write a Letter to the Editor Write a letter to the Editor

Factory Orders Decline by Most in Five Months


Daniel Acker/Bloomberg News

Factory orders declined 1.5% in December, the biggest drop in five months, the Commerce Department reported Feb. 4.

The decline followed a revised 1.5% rise in November. Orders for durable goods, items meant to last three years or more, declined 4.2% in December.

Analysts say the decline reflects a temporary slowdown following a rush to purchase capital goods in November to take advantage of expiring federal tax breaks, the Associated Press reported.

Orders for construction machinery declined 2.9%, and demand for commercial aircraft, a volatile category, dropped 17.5%.

Orders for 2013 increased 2.5% to $5.82 trillion as manufacturing continues to recover from the Great Recession, AP reported.

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

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement