-
U.S. factory orders slip; core capital goods orders revised up
New orders for U.S.-made goods fell less than expected in October and shipments of core capital goods were much stronger than previously reported, pointing to sustained strength in the manufacturing sector. Factory goods orders dipped 0.1 percent amid a drop in demand for both civilian and defense aircraft, the Commerce Department said on Monday. September data was revised to show orders increasing 1.7 percent instead of the previously reported 1.4 percent rise. Economists had forecast factory orders falling 0.4 percent in October. Orders for non-defense capital goods excluding aircraft -seen as a measure of business ... (full story)