Strong demand for new commercial aircrafts pushed business up by 1.2% to $377.42B.
January 4, 2005: 10:14 AM EST
WASHINGTON (Reuters) - Factory orders rose at the fastest rate in four months during November as strong demand for new commercial aircrafts pushed business up by 1.2 percent to a seasonally adjusted $377.42 billion, the Commerce Department said Tuesday.
The November increase followed an upwardly revised 0.9 percent orders gain in October that previously was reported as a 0.5 percent rise and outstripped Wall Street economists' forecasts for a smaller 0.8 percent pickup.
The data added to other signs that the nation's industrial sector wrapped up 2004 on a healthy note, including the Institute for Supply Management's report Monday that showed its index of manufacturing activity moved higher in December.
The Commerce Department said transportation orders -- the largest single component in factory business -- posted an 8.8 percent increase in November following a scant 0.1 percent October gain. It was the strongest rise in transportation orders since an 11 percent gain in February. Civilian aircraft and parts orders were up 64.2 percent after a slim 5 percent October advance.
Excluding transportation, factory orders were flat in November after rising 1 percent in October.
Shipments of finished goods, a gauge of how busy factories are at the moment, grew by 0.4 percent to $379.03 billion in November on top of a stronger 1.6 percent increase in October.
O Clubeinvest.com informa que nenhuma da informação
aqui facultada deverá ser entendida como conselho ou recomendação
de qualquer tipo de transacção ou investimento.
