New Orders for US Manufactured Goods Dipped in December

New Orders for US Manufactured Goods Dipped in December

Civilian aircraft orders contributed heavily to the fall.

WASHINGTON - New orders for U.S. manufactured goods fell 1.5% in December, reversing November's gains, Commerce Department data showed Tuesday.

New factory orders dropped to $489.2 billion from $496.4 billion in November. Much of the fall was in often-volatile civilian aircraft orders and followed a surge in the same orders in November.

Excluding transportation equipment, which includes aircraft, new orders were up 0.2%, with strength especially in machinery for oil and gas exploration.

For the full year, new orders for manufactured goods increased 2.5% to $5.82 trillion; non-transport orders gained just 1.5% at $4.95 trillion.

Copyright Agence France-Presse, 2014

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish