Advance Report: Durable Goods New Orders Decline in December
Excluding transportation, new orders increased 0.5 percent.
Excluding transportation, new orders increased 0.5 percent.
On a pro forma basis, Stanley organic sales increased 5 percent in the fourth quarter.
Revenues from developing countries increased 30 percent for the diversified manufacturer.
Full-year sales for the electrical and electronics manufacturer also increased 8 percent.
Profit was $274.8 million, compared to a year-ago loss of $134 million.
Global sales increases were driven primarily by growth in Asia.
Industrial sales fell 6.7 percent for the quarter.
Core sales increased 13 percent during the quarter.
Organic sales for the distributor of electrical, industrial, and communications products grew 7.8 percent for the year.
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Gains in employment- and production-related indicators drove December's increase.
The industrial production index for manufacturing also rose for December.
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