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Home » U.S. Factory Orders Saw Their Biggest Decline In Months

U.S. Factory Orders Saw Their Biggest Decline In Months

January 12, 2017
Industryweek

Orders saw their biggest monthly decline since December 2015, falling 2.4 percent to $458.3bn and reversing much of the 2.8-percent gain recorded the prior month.

While the decline was expected, it was bigger than the analyst consensus which called for a decline of only 2.1 percent.

Durable goods orders did an about-face, falling 4.5 percent to $228.8bn after posting a 5-percent gain in October.

Civilian aircraft and parts tumbled 73.8 percent to $5.7bn, dragging down the transportation sector as a whole, which fell 13.2 percent.

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KEYWORDS consumer packaged goods Global Supply Chain Management Global Trade Management Industrial Manufacturing
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