Transportation Industry
Factory Orders, Personal Spending Rise
Transport Topics, November, 2006 by Anonymous
Factory orders rose 2.1% in September, the Commerce Department said Nov. 2. The increase, driven by rising aircraft orders, followed a 0.3% decline in August. Excluding transportation equipment, orders fell 2.4%, following a 0.7% decline.
In other economic news last week:
* Personal spending rose 0.1% in September, Commerce said. Personal incomes rose 0.5%, the biggest gain in three months.
* The economy's service sector grew last month at the slowest rate since June 2003, the Institute for Supply Management said. ISM's services index slipped to 51.2 from 52.9 in September. Readings of more than 50 indicate expansion.
* Third-quarter productivity was unchanged following a revised 1.2% gain in the second quarter, the Labor Department said. Productivity among...
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