TopNews

Economic Watch: Factory Shipments and Orders Hit Record High

January 6, 2014

By Evan Lockridge

SHARING TOOLS        | Print Subscribe

Shipments and new orders for manufactured goods in the United State both hit their highest levels on record, according to a new U.S. Commerce Department report released on Monday.

Shipments, up six out of the last seven months, increased 1% in November from the month before, while new orders, up two out of the last three months, gained 1.8%. Both are records, which go back to 1992.

Shipments of manufactured durable goods, those designed to last at least three years, up for four straight months, increased 1.8% and is also at the highest level on record, while shipments of machinery jumped 4.2%. Nondurable goods shipments increased 0.3%, following three straight monthly declines.

New orders were driven by a near 22% increase in the aircraft sector. When it’s removed from the overall figure, new orders increased 0.6%, while transportation new orders saw an 8.3% gain and orders for manufactured nondurable goods rose 0.3%

This news follows a separate report form the nation’s purchasing managers last week that factory activity last months is around a two and half-year high while a separate government report from earlier shows the nation’s manufacturers added 66,000 jobs in July through November.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.

GotQuestions?

LUBRICANTS

The expert, Mark Betner from Citgo will answer your questions
Ask a question

Sponsored by


WHEEL ENDS SOLUTIONS

Wheel end expert Jeff Geist from STEMCO will answer your questions
Ask a question

Sponsored by

Magazine