Factory Orders Declined 2.0 percent in October

New orders for manufactured goods decreased 2.0 percent to $502.7 billion in October, according to the U.S. Census Bureau. The increase followed a 0.2 percent increase in September.

New orders for manufactured durable goods decreased 4.3 percent to $249.0 billion in October. Transportation equipment drove the decrease, falling 12.0 percent to $84.8 billion.

Shipments of manufactured durable goods decreased 0.5 percent to $254.6 billion.

Inventories of manufactured durable goods increased 0.1 percent to $411.3 billion.

Read the Census release.