WASHINGTON -- Declines in orders for electrical machinery and transportation equipment pushed new orders for goods from U.S. factories down 1.7 percent in January to a seasonally adjusted $230.601 billion, the Commerce Department said yesterday.
The January drop was the third consecutive monthly decline.
In December, overall factory orders fell a revised 0.5 percent to $234.601 billion, the Commerce Department said. An earlier report said orders were unchanged.
New orders for transportation equipment dropped 3.9 percent in January, and orders for electrical machinery fell 12.1 percent.
Both had posted gains in December.
In the transportation sector, a 28.5 percent drop in aircraft orders more than offset an increase in motor vehicles and parts, the department said.