Trade Resources Industry Views Factory Orders Increased 1.8% in November, The Commerce Department Reported Jan. 6.

Factory Orders Increased 1.8% in November, The Commerce Department Reported Jan. 6.

Ken James/Bloomberg News

Factory orders increased 1.8% in November, the Commerce Department reported Jan. 6.

The rise followed a revised 0.5% decline in October.

The increase was greater than economists’ forecast of a 1.7% rise, Bloomberg News reported.

Durable goods orders rose 3.4% in November after a 0.7% decline the prior month. Orders for capital goods, excluding transportation equipment, increased 1.8% after rising 0.1% in October.

Nondefense capital goods orders, excluding aircraft, rose 4.1% after declining 0.6% the previous month.

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

 

Source: http://www.ttnews.com/articles/basetemplate.aspx?storyid=33849&t=Factory-Orders-Rise-in-November
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Factory Orders Rise in November
Topics: Transportation