US factory orders rise in August
by ChemOrbis Editorial Team - content@chemorbis.com
According to data from the US Census Bureau, the country’s new orders for manufactured goods rose more than expected in August following a revised 0.5% decrease in July.
New orders for US-made goods surged by 2.3% to $510.5 billion in August from a revised $498.9 billion in July, while inventories down were down by 0.1% following 21 monthly increases in a row. The inventories-to-shipments ratio was also down from 1.35 in July at 1.34.
In August, new orders for manufactured durable goods increased by 4.4% to $259.6 billion, following a 1.2% decrease in July.
Shipments of manufactured durable goods increased were up by 0.7% to $253.1 billion. The increase, which followed a 0.1% decrease in July, was led by a 2% rise in transportation equipment.
New orders for US-made goods surged by 2.3% to $510.5 billion in August from a revised $498.9 billion in July, while inventories down were down by 0.1% following 21 monthly increases in a row. The inventories-to-shipments ratio was also down from 1.35 in July at 1.34.
In August, new orders for manufactured durable goods increased by 4.4% to $259.6 billion, following a 1.2% decrease in July.
Shipments of manufactured durable goods increased were up by 0.7% to $253.1 billion. The increase, which followed a 0.1% decrease in July, was led by a 2% rise in transportation equipment.
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