U.S. factory orders fell for a sixth straight month in January, declining 1.9%, the Commerce Department said Thursday.
The downturn followed a revised 4.9% drop in December that was bigger than the 3.9% decline originally reported.
Economists had forecast a 3.5% decline in January, Bloomberg reported.
Durable goods orders, which make up about half of factory orders, fell 4.5%. Excluding transportation orders, which tend to be volatile, orders fell 0.9%, following a 5.4% drop.
The trucking industry relies on factory orders and shipments for much of its business.
Transport Topics