Subscribe to Inc. magazine
BUSINESS PLANS

Factory Orders Plunge in January

Advertisement

March 6, 2007 -- U.S. factory orders fell to a six-year low in January, driven by weaker demand for civilian aircraft, the Commerce Department reported Tuesday.

Overall, demand for manufactured goods dropped by 5.6 percent to $383.1 billion, including an 8.7 percent decline for durable goods and a 2 percent decline for non-durable goods, the report said. Excluding transportation goods -- which saw orders for civilian aircraft plummet by 60 percent -- new orders were down 2.9 percent, the report said.

Shipments were also down in January, by 1.2 percent, while inventories inched up by 0.2 percent, boosting the inventory-to-shipment ratio up to 1.23 from 1.22 in December, the report said.

 

- next -

Last updated: Mar 6, 2007




Register on Inc.com today to get full access to:
All articles  |  Magazine archives | Livestream events | Comments
EMAIL
PASSWORD
EMAIL
FIRST NAME
LAST NAME
EMAIL
PASSWORD

Or sign up using: