Factory Orders Increased in December

New orders for manufactured goods, up two of the last three months, increased 1.8% to $499.3 billion in December, according to the U.S. Census Bureau.

New orders for manufactured durable goods increased $5.9 billion or 2.4% to $245.6 billion. Transportation equipment drove the increase, up 7.9% to $83.2 billion. New orders for manufactured nondurable goods increased $2.8 billion or 1.1 percent to $253.8 billion.

Shipments of manufactured durable goods, down six consecutive months, decreased 0.2% to $250.3 billion.

Inventories of manufactured durable goods increased 0.5% to $435.9 billion.

Read the Census release.

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