» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 39 | NO. 48 | Friday, November 27, 2015

US factory orders rise in Oct., ending streak of declines

Print | Front Page | Email this story

WASHINGTON (AP) — U.S. factory orders rebounded in October after two prior monthly declines, helped by rising demand for aircraft, computers and machinery.

The Commerce Department says factory orders rose 1.5 percent in October, marking a slight recovery as manufacturers have struggled to adjust to a stronger dollar hurting exports, lower oil prices and weak global economic growth.

Factory orders have tumbled 7.1 percent year-to-date. Shipments from oil refineries have plunged 33.4 percent compared to the first 10 months of 2014, a reflection of the drop in prices that has weighed on the overall industrial numbers.

But manufacturers regained some ground in October.

Aircraft orders climbed 81 percent, while requests for computers and electronics advanced 1.9 percent.

A separate category that serves as a proxy for business investment spending improved 1.3 percent.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0