US factory orders fall for second month in a rowThursday 06 March 2014 15.46
New orders for US manufactured goods fell for the second month in a row in January as civilian aircraft and computer orders slid, official data released today has shown.
New factory orders fell 0.7% in January after a revised 2% drop in December, the US Commerce Department said.
Analysts had projected a smaller 0.5% decline in orders. The December number was worse than the previous estimate of a 1.5% drop.
New orders have fallen in three of the last four months.
Excluding transportation equipment orders, which can be volatile month-over-month, factory orders edged up 0.2% in January following a slight decline the prior month.
Orders for civilian aircraft and parts dropped 20.2% and those for ships and boats fell 26.4%.
Computer orders posted the steepest decline, plunging 46%.
Orders for durable goods - items aimed at a useful life of several years which make up about half of all factory orders - fell 1% after a plunge of 5.3% in December.