(Dow Jones) - Orders for US manufactured goods fell 0.1% to a seasonally adjusted $479.6bn in October, the Commerce Department said Monday.
Economists surveyed by The Wall Street Journal had expected a 0.3% decline in October. The decrease comes after two consecutive months of robust orders growth.
Excluding transportation, a volatile part of the overall reading, factory orders were up 0.8% in October from the previous month. Orders were up 0.2% in the same time frame when excluding defence spending, another volatile part of factory orders figures.
Durable goods drop in new orders
New orders for durable goods fell 0.8% from September, a slightly smaller decline from an earlier estimate of a 1.2% drop.