New Factory Orders up 1.8% for December

New factory orders for manufactured goods bumped up 1.8% to $484 billion for December, according to a Commerce Department report [link opens in PDF] released today. Although the latest data come as good news after November's revised 0.3% decline, they failed to meet analysts' expectations of a 2.4% rise.


Durable goods continued to push new orders higher, up 4.3% in December. Transportation equipment was responsible for about a third of all new orders for manufactured durable goods, and improved 11.7% for December. New orders for manufactured nondurable goods slumped 0.3% in the month,  due in part to less demand for petroleum and coal products.

Although good-but-not-great news is a common theme throughout the report, unfilled orders jumped 0.8%, a growth rate not seen since February. Shipments increased 1.1% in December, while inventories fell $100 million to $374.5 billion, down following 14 consecutive monthly increases. The inventories-to-shipments ratio, a statistic used to measure the sustainable flow of goods, remained at 1.27 for December.


The article New Factory Orders up 1.8% for December originally appeared on

You can follow Fool contributor Justin Loiseau on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.