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The U.S. Commerce Department released factory orders data on Tuesday. Factory orders in the U.S. slid 1.0% in September, missing expectations for a 0.9% decline, after a 2.1% drop in August. August's figure was revised down from a 1.7% fall.
The decline was driven by a drop in durable goods and non-durable orders. Durable goods orders decreased by 1.2% in September, while orders for nondurable goods declined 0.8%.
Factory orders excluding transportation fell 0.6% in September, after a 1.1% decline in August. August's figure was revised down from a 0.8% decrease.
Orders for transportation equipment plunged 3.1% in September.
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