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Factory orders rise, but the gain falls shy of expectations
WASHINGTON, Feb. 4 () -- U.S. factory orders for manufactured goods rose in December, but fell short of gains economists had expected, the Census Bureau said Monday.New orders were up by 1.8 percent, increasing by $8.6 billion to $484.8 billion. Economists, however, had expected a rise of 2.2 percent.The increase exceeded the 0.8 percent improvement in October and the 0.3 percent decline in November, a figure revised from a month earlier, when November's new orders were reported as a slight gain.Excluding transportation, new manufacturing orders rose by 0.2 percent.As that implies,[url=http://www.chronotime.net/]louboutin outlet[/url], new orders for transportation items,[url=http://www.kbcrussia.com/]cheap true religion jeans[/url], which include planes, trains and ships, included the bulk of the new business. Of the $8.6 billion overall increase, transportation items made up $7.9 billion of that. Transportation orders were up 11.7 percent to $75.6 billion.In December, new orders for non-durable goods fell by 0.3 percent or $800 million to $254.8 billion.