Money Matters - Simplified


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In recent past, transportation via ship used to mean days and days of waiting. There was a frustrating delay in the speed of deliveries, but it’s time for a change:

Producer prices up 0.4 percent in month

Washington -- U.S. producers paid 0.4 percent more for finished goods in October compared to September due to rising energy prices, the U.S. Labor Department said Tuesday.

On a 12-month basis prices are up 4.3 percent, up from 4 percent a month ago and 3.1 percent in August.

For producers, core prices in June -- prices excluding food and energy costs -- fell 0.6 percent, while energy prices rose 3.7 percent, the highest since January.

Prices for finished food fell 0.1 percent, falling fifth time in the past seven months, the report said.

Copyright 2010 United Press International, Inc. (UPI).

Factory orders rose in September

Washington -- New orders for manufactured U.S. goods rose 2.1 percent to $420 billion in September, the U.S. Census Bureau said Wednesday.

Excluding big-ticket transportation items, new business for factories rose 0.4 percent. Transportation orders, up two of the past three months, rose 15.8 percent, leading the increases, the bureau said.

Orders in durable goods, also up two of the past three months, rose 3.5 percent to $200 billion, while orders for non-durable goods rose 0.9 percent to $220 billion.

Durable goods orders turned lower in May

Washington -- The U.S. Commerce Department said new orders for durable goods dropped 1.1 percent in May, but rose with transportation items excluded.

Overall, new orders dropped to $192 billion, off $2.2 billion from the previous month. Excluding transportation, however, new orders rose 0.9 percent. Excluding defense spending, new orders dropped 1.1 percent.

Economists had predicted a 1 percent month-to-month increase in May, but orders turned lower after five months of increases, including a 3 percent rise in April over March.

Shipments of durable goods dropped 0.4 percent to $196 billion, with shipments of transportation items off 2.8 percent or $1.3 billion to $47.1 billion.

Factory orders rose in March

Washington -- New orders for manufactured U.S. goods rose 1.3 percent in March, the U.S. Census Bureau reported Tuesday.

New orders have risen for 11 of the past 12 months. On Monday, the Institute of Supply Management said manufacturing activity had risen for nine consecutive months.

The Census Bureau said new orders rose 1.3 percent, or $5 billion, to $391.5. A month earlier new orders also rose 1.3 percent.

Shipments rose 2.2 percent in March compared to February, the seventh consecutive month of gains. Inventories of durable goods rose 0.3 percent to $305.2 billion, while inventories of non-durable items increased 0.3 percent to $195.5 billion.

Durable goods orders up a touch

Washington -- U.S. durable goods orders rose slightly in December, rising 0.3 percent after two consecutive months of declines, the Commerce Department reported.

Durable goods orders increased by $500 million in the month, the department said Thursday. Economists, however, had forecast the increase would be far greater, predicting a rise of 2.1 percent.

In November, new orders fell 0.4 percent for goods intended to last more than three years.

Excluding new orders in the volatile category of transportation goods, new orders rose 0.9 percent. Excluding spending on defense, which also swings abruptly, new orders rose 0.3 percent.

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Durable goods orders fell in June

Washington -- U.S. durable goods orders fell further than expected in June, dropping 2.5 percent, the Commerce Department reported Wednesday.

New orders for products intended to last at least three years fell after two months of increases. In May, new orders rose 1.3 percent.

Economists expected a 1.7 percent drop in June. But orders for planes, trains and automobiles fell sharply. Excluding transportation, new orders rose 1.1 percent in the month.

Shipments of durable goods fell slightly, but for the 11th consecutive month, the longest continued downturn since 1992.

Shipments fell 0.2 percent to $168.3 billion after falling 2.6 percent in May.