U.S. factory orders rises 0.7 pct in November

08:18, January 05, 2011      

Email | Print | Subscribe | Comments | Forum 

New orders for U.S. manufactured goods rose 0.7 percent in November after a slight decline in October boosted by nondurable goods demand, indicating the ongoing bumpy economic recovery, the Department of Commerce reported on Tuesday.

Factory orders increased 0.7 percent to a seasonally adjusted 423.8 billion U.S. dollars in November, following a 0.7-percent decrease in October.

New orders for durable goods, big-ticket items expected to last at least three years such as computers, cars and machinery, dropped by 0.3 percent to 195.7 billion dollars in November.

Demand for transportation equipment, which accounts for more than a quarter of total durable goods demand, plummeted 11.1 percent to 46 billion dollars in November.

New orders for nondurable goods, including food, paper products, petroleum and coal products, rose by 1.7 percent to 228.2 billion dollars for the month.

The recovery of manufacturing sector has been a main engine of the U.S. economic growth in the past several quarters.

  • Do you have anything to say?


Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • Pakistan's Punjab governor assassinated in Islamabad
  • Jilin int'l rime and snow festival attracts tourists
  • Partial solar eclipse observed in Moscow
  • Myanmar celebrates 63rd anniversary of national independence
  • Jilin int'l rime and snow festival attracts tourists
  • Trophy cup of 15th Asian Cup delivered to Doha
Hot Forum Dicussion