Sunday, April 20, 2014
YOLO COUNTY NEWS
99 CENTS

Durable-goods orders up 3.7 percent

WASHINGTON (AP) — A jump in demand for commercial airplanes boosted orders for long-lasting U.S. factory goods last month. But orders for most other goods fell as businesses cut spending, a possible sign of concern about the partial government shutdown that began Oct. 1.

The Commerce Department said Friday orders for durable goods rose 3.7 percent in September, above the 0.2 percent gain in August. But a 57.5 percent jump in aircraft orders accounted for nearly all the gain. Durable goods are meant to last at least three years.

Orders for core capital goods, which include industrial machinery and electrical equipment, fell 1.1 percent. August’s 1.5 percent gain was revised sharply lower to 0.4 percent. Economists pay particular attention to core capital goods, which exclude aircraft and defense-related goods, because they are a sign of business confidence.

The figures echo other economic data that suggest companies were reluctant to expand or invest in new equipment in September, as budget battles in Washington intensified. Hiring also slowed last month. Employers added just 148,000 jobs, down from 193,000 in August.

Paul Ashworth, an economist at Capital Economics, said the drop in core capital goods orders points to weaker growth in the October-December quarter. Shipments of core capital goods, which are used to calculate economic growth, also dipped last month, a sign that growth in the July-September quarter will also be weak. Ashworth cut his growth estimate for the third quarter to an annual rate of 1.8 percent from 2 percent.

Commercial aircraft is a volatile category that can swing widely from month to month. Boeing says it received orders for 127 planes in September, up from just 16 in August.

In September, demand fell for machinery, fabricated metals, electrical equipment and autos. Orders rose for computers and communications equipment and defense-related goods.

Excluding aircraft, autos and other transportation goods, orders fell for the third straight month.

The report contrasts with other recent data that pointed to a healthier factory sector.

The Institute for Supply Management, a trade group, said factory activity expanded in September at the fastest pace in 2 ½ years. Production rose and manufacturers stepped up hiring, while new orders jumped, though not as quickly as the previous month.

And the Federal Reserve Bank of Philadelphia said last week that an index of regional manufacturing activity declined only slightly this month. Factories in the Philadelphia region received more orders, the Philly Fed said.

————

By Christopher S. Rugaber, AP economics writer

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Davis Enterprise does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

News

Tom Adams seeks Davis school board seat

By Jeff Hudson | From Page: A1

 
Hub of activity: DHS newspaper keeps evolving

By Zoe Juanitas | From Page: A1 | Gallery

 
A springtime ritual

By Wayne Tilcock | From Page: A1 | Gallery

Holy fire ceremony draws thousands in Jerusalem

By The Associated Press | From Page: A2 | Gallery

 
Tour renovated YCCC facility Thursday

By Enterprise staff | From Page: A3

 
Tour Davis Waldorf School on Wednesday

By Enterprise staff | From Page: A3

The fifth annual Tour de Cluck is soon to be hatched

By Special to The Enterprise | From Page: A3 | Gallery

 
Ortiz lawn signs available

By Enterprise staff | From Page: A3

Sign up soon for spring cooking classes

By Enterprise staff | From Page: A3

 
Robb Davis team to rally on Saturday

By Enterprise staff | From Page: A3

Steadfast in their support

By Lauren Keene | From Page: A4, 11 Comments | Gallery

 
Yolo Hospice offers free grief workshops

By Enterprise staff | From Page: A4

Sign up for Camp Kesem caterpillar crawl

By Enterprise staff | From Page: A4

 
Quilters gear up for annual show

By Sebastian Onate | From Page: A4

League hosts a series of candidate forums

By Enterprise staff | From Page: A5

 
KDVS launches fund drive on Monday

By Jeff Hudson | From Page: A5

Calling all Scrabble fans

By Enterprise staff | From Page: A5, 1 Comment | Gallery

 
Hub webpage is seeing traffic increasing

By Zoe Juanitas | From Page: A8

Hotel/conference center info meeting set

By Enterprise staff | From Page: A16

 
Lescroart welcomes all to book-launch party

By Special to The Enterprise | From Page: A16 | Gallery

DEVO set to serve up 14th annual Winkler Dinner

By Enterprise staff | From Page: A16, 1 Comment | Gallery

 
Learn Chinese crafts at I-House

By Sebastian Onate | From Page: A16

Preschool open house set at Davis Waldorf

By Enterprise staff | From Page: A16

 
Birch Lane celebrates its 50th anniversary

By Enterprise staff | From Page: A16

.

Forum

Take ownership of your health

By Special to The Enterprise | From Page: B5

 
Keep your baby safe

By Special to The Enterprise | From Page: A7

 
Not thrilled with lack of symmetry

By Special to The Enterprise | From Page: A7

Reliving the agony and ecstasy of spring

By Marion Franck | From Page: A7

 
Road diet? No, city diet!

By Letters to the Editor | From Page: A12, 5 Comments

We’re reveling in our equality

By Letters to the Editor | From Page: A12, 1 Comment

 
Vote no; it’s fiscally responsible

By Letters to the Editor | From Page: A12, 3 Comments

Rick McKee cartoon

By Debbie Davis | From Page: A12

 
Core values on campus

By Our View | From Page: A12, 3 Comments

 
Don’t want to sit in Fix 50 traffic? Consider alternatives

By Special to The Enterprise | From Page: A13, 1 Comment

 
Bill is an affront to UC Davis ag biotech and local farmers

By Special to The Enterprise | From Page: A13, 3 Comments

.

Sports

Devils burn up the track

By Enterprise staff | From Page: B1

 
UCD softball shut out by Santa Barbara

By Thomas Oide | From Page: B1 | Gallery

 
Aggie men shoot 9-under, lead own tourney

By Bruce Gallaudet | From Page: B1 | Gallery

Stars shine in Woody Wilson Classic

By Evan Ream | From Page: B1, 1 Comment | Gallery

 
UCD roundup: Aggie baseball swept away by Highlanders

By Enterprise staff | From Page: B2

A’s score 3 in ninth, rally past Astros 4-3

By The Associated Press | From Page: B6

 
.

Features

.

Arts

.

Business

Yolo Federal Credit Union gets WISH funds

By Enterprise staff | From Page: A9

 
PG&E pays taxes, fees to county, cities

By Enterprise staff | From Page: A9, 1 Comment

Will Davis get an Old Soul?

By Wendy Weitzel | From Page: A9

 
Pediatricians, nurse practitioner hired at Woodland Healthcare

By Enterprise staff | From Page: A9 | Gallery

Asian stocks mostly higher after mixed U.S. earnings

By The Associated Press | From Page: A9

 
Davis Roots will showcase its graduating startups

By Enterprise staff | From Page: A14

University Honda wins another President’s Award

By Enterprise staff | From Page: A14 | Gallery

 
Dutch Bros. raises $19,000 for girl with leukemia

By Enterprise staff | From Page: A14 | Gallery

.

Obituaries

.

Comics

Comics: Sunday, April 20, 2014

By Creator | From Page: B8