Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:
 

US factory orders fall for second straight month in Sept

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/11/2015 (15:17)
According to data released by the US Commerce Department, US factory orders declined for a second consecutive month in September. Factory orders fell 1% in September after posting a downwardly revised decrease of 2.1% in the previous month. Economists’ initial expectations called for a decrease of 0.9% in September.

The decline was attributed to weaker orders for durable goods, which declined at a slower pace of 1.2% in September following a drop of 2.9% in August. The data also showed that orders for transportation equipment slid 3.1% while orders for non-durable goods fell 0.8% in September after decreasing 1.3% in the previous month.

The Commerce Department also reported that shipments of manufactured goods edged down 0.4% after a decrease of 0.9% in August.

For October, meanwhile, a report released by the Institute for Supply Management showed that a US manufacturing index slipped to the lowest levels seen since May 2013. Some economists cited a strong dollar and lower oil prices, which have weakened major oil companies’ spending activities, as the main reasons behind weaker manufacturing activities.
Free Trial