WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods fell 2% in November, led by a large decrease in orders for defense aircraft and parts. A closely watched category that tracks business investment ticked up 0.1%.
The Commerce Department said Monday that the drop in orders for durable goods last month was the biggest decline since May. Orders have fallen in two of the past three months. October’s number was revised down to 0.2% from a 0.6% gain.
Transportation equipment orders fell 5.9%, its biggest decline since May. Excluding transportation, new orders were flat.