Mumbai, Jan. 8 -- The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured goods decreased by slightly more than expected in the month of October.
The report said factory orders slumped by 1.3 percent in October after rising by 0.2 percent in September.
The decrease by factory orders came amid a steep drop in orders for durable goods, which tumbled by 2.2 percent in October after climbing by 0.6 percent in September.
Orders for transportation equipment led the sharp pullback by durable goods orders, plunging by 6.4 percent during the month.
The report said orders for non-durable goods also fell by 0.4 percent in October after dipping by 0.2 percent in September.
Meanwhile, the Commerce Department ...