Wednesday, March 4, 2015
YOLO COUNTY NEWS
99 CENTS

Durable-goods orders up 3.7 percent

By
From page A2 | October 25, 2013 |

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

Comments

comments

The Associated Press

.

News

Davisite competing for breast cancer ‘Survivor of the Year’

By Anne Ternus-Bellamy | From Page: A1 | Gallery

 
Cool musicians, hot jazz at Coconut Grove fundraiser

By Enterprise staff | From Page: A1 | Gallery

 
Guilty verdict in child abduction case

By Anne Ternus-Bellamy | From Page: A1

 
UC will freeze resident admissions

By The Associated Press | From Page: A2

Bob Dunning: Aggies still have all to play for

By Bob Dunning | From Page: A2

 
State’s snow levels reach historic lows

By San Francisco Chronicle | From Page: A2 | Gallery

Museum brick sales to end this month

By Enterprise staff | From Page: A3

 
Prostate cancer group looks at massage

By Special to The Enterprise | From Page: A3

Moore featured at two climate talks this week

By Enterprise staff | From Page: A3

 
Talk breast cancer with oncologic surgeon

By Enterprise staff | From Page: A3

DPNS offers open house Saturday

By Enterprise staff | From Page: A3

 
Public input sought Monday on Northstar Pond

By Enterprise staff | From Page: A3 | Gallery

Documentary on immigration issues will be screened

By Special to The Enterprise | From Page: A3

 
Veggie gardening, composting are workshop topics

By Enterprise staff | From Page: A3

Visiting prof will discuss Armenian genocide

By Enterprise staff | From Page: A3

 
Holmes plans open house Thursday

By Enterprise staff | From Page: A3

Nominees sought for Bill Streng Business Award

By Enterprise staff | From Page: A3

 
Closing education gap will lift economy, a study finds

By New York Times News Service | From Page: A4 | Gallery

Applications due for Rotary’s leadership camp

By Enterprise staff | From Page: A4

 
Project Linus meets March 11

By Enterprise staff | From Page: A4

Breakfast with the Bunny tickets on sale now

By Enterprise staff | From Page: A5 | Gallery

 
.

Forum

Snowbird sings the song he always sings

By Creators Syndicate | From Page: B5

 
Athletes just want time to do their homework

By Special to The Enterprise | From Page: A6

Let’s not delete Giovanni Barovetto from Davis history

By Rich Rifkin | From Page: A6 | Gallery

 
Low-flow toilets in our parks?

By Letters to the Editor | From Page: A6

It was music to our ears

By Letters to the Editor | From Page: A6

 
Thanks for pet drive support

By Letters to the Editor | From Page: A6

Story was an ad for NRA

By Letters to the Editor | From Page: A6

 
.

Sports

Blue Devils girls stay undefeated ahead of league opener

By Evan Ream | From Page: B1 | Gallery

 
After a shaky start, DHS stands up to No. 4 St. Mary’s, but loses

By Bruce Gallaudet | From Page: B1 | Gallery

DHS girls lacrosse coach likes her 2015 squad

By Dylan Lee | From Page: B1 | Gallery

 
Hawkins enters the home stretch of brilliant UCD career

By Bruce Gallaudet | From Page: B1 | Gallery

San Jose crushes Canucks behind Nieto

By The Associated Press | From Page: B3

 
Sports briefs: Blue Devils drop softball opener

By Enterprise staff | From Page: B3

Cousins returns to lift Kings in New York

By The Associated Press | From Page: B3 | Gallery

 
.

Features

Ringing in the Year of the Sheep with dim sum

By Ann Evans | From Page: A8 | Gallery

 
.

Arts

California Honeydrops drop in for ‘Down Home’ tour

By Landon Christensen | From Page: A7 | Gallery

 
French-Algerian guitarist weaves acoustic spells at The Palms on Friday March 6

By Special to The Enterprise | From Page: A7 | Gallery

 
.

Business

.

Obituaries

Merna Petersen

By Special to The Enterprise | From Page: A4

 
.

Comics

Comics: Wednesday, March 4, 2015

By Creator | From Page: B6