Arab Today, arab today us factory orders fall again in september
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

US factory orders fall again in September

Arab Today, arab today

Arab Today, arab today US factory orders fall again in September

Employees work on the Boeing 777
Washington - AFP

New orders for US manufactured goods fell for a second consecutive month in September, dragged down largely by a drop in commercial plane orders, official data released Tuesday showed.

The Commerce Department said new factory orders fell 1.0 percent in September, following a revised 2.1 percent drop in August, previously estimated at 1.7 percent.

The September report was the latest evidence of the continued sluggishness in the manufacturing sector, hit by a strong dollar and weakness in the energy sector amid low oil prices.

Excluding transportation orders, which tend to be volatile month-on-month, factory orders fell 0.6 percent in September.

Transportation orders dropped 3.1 percent last month, less than half the August decline. A big 36 percent decline in commercial aircraft and parts orders outweighed a pick-up in defense aircraft orders.

Total factory orders in September were down 7.2 percent from a year ago.

The weakness was broad. Orders for durable goods -- products expected to last at least three years -- fell 1.2 percent. Nondurable goods orders dropped 0.8 percent.

"Demand for many categories of manufactured goods continues to struggle from the effect of a stronger dollar, weak foreign demand and lower energy prices," said Barclays analyst Jesse Hurwitz.

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