November Factory Orders Fall 0.7%; Ex-Transportation Drop 0.6%

New orders for manufactured goods dropped 0.7% in November, after falling an unrevised 0.7% in October, the Commerce Department reported Tuesday.

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Economists polled by Thomson Reuters expected a 0.5% decline in November orders.

Excluding transportation, new orders fell 0.6%, after a 1.5% drop the previous month, initially reported as a 1.4% decrease. Excluding defense, orders dropped 0.4%, after a 1.2% slide in October.

Durable goods orders fell 0.9% after a 0.3% increase in October, while nondurable goods orders were off 0.5% after a 1.6% drop in October.


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