Thursday, April 24, 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

 
4-H members prepare for Spring Show

By Anne Ternus-Bellamy | From Page: A1

Food insecurity remains an issue for many county residents

By Anne Ternus-Bellamy | From Page: A1

 
 
Youth sports in focus on radio program

By Enterprise staff | From Page: A4

 
Rummage sale will benefit preschool

By Enterprise staff | From Page: A4

Concert benefits South Korea exchange

By Enterprise staff | From Page: A4

 
Conference puts focus on Arab studies

By Enterprise staff | From Page: A4

Water rate assistance bill advances

By Enterprise staff | From Page: A5

 
Program explores STEM careers for girls

By Enterprise staff | From Page: A5

Embroiderers plan a hands-on project

By Enterprise staff | From Page: A5

 
Central Park Gardens to host Volunteer Orientation Day

By Enterprise staff | From Page: A5 | Gallery

Volkssporting Club plans North Davis walks

By Enterprise staff | From Page: A5

 
Hotel/conference center info meeting set

By Enterprise staff | From Page: A5

Davis honors ‘green’ citizens

By Enterprise staff | From Page: A5

 
Cycle de Mayo benefits Center for Families

By Anne Ternus-Bellamy | From Page: A8

Author to read ‘The Cat Who Chose to Dream’

By Anne Ternus-Bellamy | From Page: A12

 
.

Forum

High-five to Union Bank

By Letters to the Editor | From Page: A6

 
Broken sprinklers waste water

By Letters to the Editor | From Page: A6

Three more administrators?

By Letters to the Editor | From Page: A6

 
Neustadt has experience for the job

By Letters to the Editor | From Page: A6

Here’s a plan to save big on employee costs

By Special to The Enterprise | From Page: A6

 
Davis is fair, thoughtful

By Letters to the Editor | From Page: A6

Ortiz is the right choice for Yolo

By Letters to the Editor | From Page: A6

 
Tom Meyer cartoon

By Debbie Davis | From Page: A6

The high cost of employment

By Letters to the Editor | From Page: A6

 
.

Sports

DHS tracksters sweep another DVC meet

By Enterprise staff | From Page: B1 | Gallery

 
Another DVC blowout for DHS girls soccer

By Evan Ream | From Page: B1 | Gallery

Young reinvents his game to help Aggies improve on the diamond

By Bruce Gallaudet | From Page: B1 | Gallery

 
DHS boys shuffle the deck to beat Cards

By Thomas Oide | From Page: B1 | Gallery

DHS/Franklin II is a close loss for Devil softballers

By Enterprise staff | From Page: B1

 
Baseball roundup: Giants slam Rockies in the 11th

By The Associated Press | From Page: B2

 
UCD roundup: Aggies lose a softball game at Pacific

By Enterprise staff | From Page: B3

Jahn jumps to Sacramento Republic FC

By Evan Ream | From Page: B8

 
.

Features

.

Arts

Congressional art competition open to high school students

By Enterprise staff | From Page: A11

 
Emerson, Da Vinci to present ‘Once Upon a Mattress’

By Enterprise staff | From Page: A11

 
Winters Plein Air Festival begins Friday

By Enterprise staff | From Page: A11

 
Bach Soloists wrap up season on April 28

By Jeff Hudson | From Page: A11

 
.

Business

.

Obituaries

.

Comics

Comics: Thursday, April 24, 2014

By Creator | From Page: B6