Factory orders decreased 0.4% in October, the Commerce Department said Monday.
The decline followed a revised 0.1% decrease in September that was originally reported as a 0.3% gain.
The October decline was a bigger downturn than economists’ forecasts of a 0.3% decrease, Bloomberg reported.
Capital goods orders excluding aircraft and military orders, a measure of future business investment, declined 0.8% following a 1.4% gain the previous month.
The trucking industry relies on factory orders and shipments for much of its business.
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