U.S. factory orders post record decline on aircraft payback

The Commerce Department said on Thursday new orders for manufactured goods dropped 10.1 percent. The Institute for Supply Management said on Wednesday that its gauge of factory activity showed slower growth in September. In August, orders for transportation equipment dropped 42.2 percent, a development already made clear in the government's report on durable goods orders released on Sept 25. The Commerce Department revised slightly lower its estimate for growth in orders for non-defense capital goods excluding aircraft during August.

via Business News http://finance.yahoo.com/news/u-factory-orders-post-record-140555767.html