New factory orders for manufactured goods slumped 2.5% in September, the Commerce Department said yesterday.
The factory order decrease, to $431.989 billion, was larger than the 0.7% decrease projected by Thomson Reuters and came after a revised 4.3% decrease to $443.200 billion in August, originally reported as a 4.0% decline to $444.365 billion.
Excluding transportation, the level of all new manufacturing orders fell 3.3% to about $376.7 billion September following a 3.6% drop in August to $391.3 billion, originally reported as a 3.3% slip to $392.3 billion.
Excluding military orders, new orders slid 3.3% to $416.7 billion following a 4.5% decrease to $430.8 billion in August.
