New Orders for Durable Goods Decrease on Lower Transportation
DEC 23, 2016 - 7:05 am
The U.S. Department of Commerce reported new orders for manufactured durable goods in November decreased $11.0 billion, or 4.6%, to $228.2 billion. The decrease, down following four consecutive monthly increases, followed a 4.8% October increase. Excluding transportation, new orders increased 0.5%. Excluding defense, new orders decreased 6.6%.
Shipments of manufactured durable goods in November, up two of the last three months, increased $0.2 billion, or 0.1%, to $234.2 billion. This followed a 0.1% October decrease.
Primary metals, also up two of the last three months, drove the increase, $0.3 billion or 1.7% to $18.0 billion.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
“If a company is looking to make the most of its DE&I attempts, it should first ask, “Why? Why does this matter to the business? Why does this matter to us as individuals?” Being specific about the “why” leaves little... read more