WASHINGTON – New orders for US computers and electronics in October fell 2.1% from September on a seasonally adjusted basis. That's down from the 0.2% drop in September.
Computers and electronics orders for the month were $24.5 billion, says the US Commerce Department.
US computers and related product orders dropped 7.2% sequentially, compared to a 0.3% increase in September. October orders fell to $4 billion.
Communications orders dipped a slight 0.2% in October, reaching $5.1 billion, after a drop of 5.3% in the prior month.
Defense capital goods orders decreased 18.4% in October to $8.5 billion, after a gain of 5.6% in September.