Thursday, October 23, 2014
YOLO COUNTY NEWS
99 CENTS

Factory orders drop 2.4 percent in July

By
From page A2 | September 05, 2013 |

WASHINGTON (AP) — Orders to U.S. factories fell in July by the sharpest amount in four months, held back by weaker demand for commercial aircraft and heavy machinery. A key category that reflects business investment plans also fell.

Factory orders dropped 2.4 percent in July compared with June, when orders rose 1.6 percent, the Commerce Department reported Thursday.

Orders for core capital goods, a category viewed as a proxy for business investment spending, fell 4 percent in July.

Core capital goods are considered a good measure of businesses’ confidence in the economy. They include items that point to expansion — such as machinery, computers and heavy trucks — while excluding volatile orders for aircraft and defense. The July setback was expected to be temporary.

Orders for durable goods, items expected to last at least three years, declined 7.4 percent, a slightly bigger drop than the 7.3 percent fall estimated in a preliminary report last week. It was the biggest decline since a 12.9 percent fall in August 2012. Orders for nondurable goods, items such as chemicals, food and paper, rose 2.4 percent in July after a 0.5 percent decline in June.

Excluding the volatile transportation category, factory goods orders were up 1.2 percent.

The big drop in core capital goods orders suggests the third quarter is off to a weaker start than some had hoped. While economists cautioned that it’s just one month of data, a few lowered their growth estimates for the July-September quarter after seeing the durable goods report. Some believe that growth may only come in around 1.9 percent for the current quarter, a drop from previous estimates of 2.5 percent growth.

Overall manufacturing has slumped this year, hurt by weakness overseas that has dragged on U.S. exports. But there have been signs that factory activity could pick up in the second half of the year.

But the Institute for Supply Management reported Tuesday that its closely watched gauge of manufacturing activity rose in August to a reading of 55.7, up from 55.4 in July. That was the highest level since June 2011 and offered encouragement that manufacturing may be starting to pull out of its slowdown.

The economy expanded at an annual rate of 2.5 percent in the April-June quarter.

————

By Martin Crutsinger, AP economics writer

Comments

comments

The Associated Press

.

News

 
Pioneer students meet K-9 Officer Dexter

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

 
Versatile cycling contributor Casale Jr. heads to Hall of Fame

By Bruce Gallaudet | From Page: A1 | Gallery

Mercer Clinic benefits from pooch costume pics

By Enterprise staff | From Page: A3

 
Military Families seek help to send Hugs from Home

By Enterprise staff | From Page: A3

High-flying fun at University Airport

By Enterprise staff | From Page: A3 | Gallery

 
Day of the Dead observance focuses on refugee children

By Enterprise staff | From Page: A3

Parents’ Night Out on Friday at Pole Line Baptist

By Special to The Enterprise | From Page: A3

 
DPNS has play group, preschool openings

By Enterprise staff | From Page: A3

Arboretum plant sale is Saturday

By Enterprise staff | From Page: A3

 
UCD Vet Med hosts animal ‘adoptathon’

By Special to The Enterprise | From Page: A3

Carlton invites community to its Haunted Harvest

By Debbie Davis | From Page: A4

 
Day of the Dead folk art class set

By Enterprise staff | From Page: A4

A nose for mysteries: ‘Cadaver dog’ work more accepted by cops, courts

By The Associated Press | From Page: A4 | Gallery

 
Check out classic cars once again

By Enterprise staff | From Page: A4

Fly-casting champion will speak to fishing enthusiasts

By Special to The Enterprise | From Page: A4 | Gallery

 
Flea Market planned Sunday

By Enterprise staff | From Page: A4

‘Bak2Sac’ free train ride program launched

By Enterprise staff | From Page: A5

 
Cooperatives meet community needs

By Special to The Enterprise | From Page: A6

Co-op trivia

By Special to The Enterprise | From Page: A7

 
Author visits Woodland for community book project

By Enterprise staff | From Page: A9

.

Forum

Knowledgeable, experienced

By Letters to the Editor | From Page: B4

 
A leader our schools deserve

By Letters to the Editor | From Page: B4

We need Sunder on board

By Letters to the Editor | From Page: B4

 
We support Archer, Adams

By Letters to the Editor | From Page: B4

A force for good on board

By Letters to the Editor | From Page: B4

 
Tom Meyer cartoon

By Debbie Davis | From Page: B4

Our view: Two more years for Garamendi

By Our View | From Page: B4

 
Two are especially qualified

By Letters to the Editor | From Page: B4

We have confidence in Madhavi

By Letters to the Editor | From Page: B4

 
I support John Garamendi

By Letters to the Editor | From Page: B4

.

Sports

.

Features

What’s happening

By Anne Ternus-Bellamy | From Page: A8

 
Hand sanitizer versus soap and water

By Anne Ternus-Bellamy | From Page: A8

Girl Scouts join effort to keep kids healthy

By Anne Ternus-Bellamy | From Page: A8 | Gallery

 
Name Droppers: Foster parent heads to First 5

By Enterprise staff | From Page: A12

.

Arts

 
San Francisco Symphony visits with conductor/pianist Zacharias

By Jeff Hudson | From Page: A10 | Gallery

 
DMTC plans Halloween karaoke fundraiser

By Enterprise staff | From Page: A11

Jam with folk musicians on Friday

By Enterprise staff | From Page: A11

 
The Rhythm Future Quartet plays at Village Homes Community Center

By Enterprise staff | From Page: A11 | Gallery

 
DHS Madrigals plan traditional English winter celebration

By Enterprise staff | From Page: A11

 
‘Under the Covers’ concert benefits KDRT

By Enterprise staff | From Page: A11

All are welcome at Fun Time Follies

By Enterprise staff | From Page: A11

 
DHS Madrigals host singing workshop

By Enterprise staff | From Page: A11

.

Business

.

Obituaries

Dorothy Foytik

By Enterprise staff | From Page: A4

 
Mariana Brumbaugh Henwood

By Special to The Enterprise | From Page: A4

.

Comics

Comics: Thursday, October 23, 2014

By Creator | From Page: B10