Skip to content

Factory Orders Dip 0.2% in August

 UPDATED:
10/4/2011 10:20:00 AM
Write a Letter to the Editor


Print This

 

Factory orders declined 0.2% in August as vehicle bookings decreased, the Commerce Department said Tuesday.

The decline followed a revised 2.1% jump in July that was lower than the 2.4% upturn originally reported.

Economists had projected no change in factory orders, Bloomberg reported.

Capital goods orders excluding aircraft and military orders, a measure of future business investment, rose 0.9%, the largest gain in three months.

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

Follow Transport Topics on RSS Twitter Facebook


 Print This

 



© 2011, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES


Click Here!

Emil Estafanous, CPA, CFF, CGMA