Braking Down The News

Big-Ticket Product Orders Fell for Second Straight Month Amid Supply Constraints

October decline for items such as washers, computers and cars comes as manufacturers face higher costs for inputs and labor shortages

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Orders for long-lasting goods such as appliances, cars and computers decreased for the second straight month in October as U.S. manufacturers continued to confront higher material and shipping costs as well as labor and parts shortages.

New orders for products meant to last at least three years decreased 0.5% to a seasonally adjusted $260.1 billion in October when compared with September, the Commerce Department said Wednesday.

 

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