- Analytics
- News and Tools
- Market News
- U.S. factory orders decrease less than forecast in April
U.S. factory orders decrease less than forecast in April
The U.S.
Commerce Department reported on Tuesday that the value of new factory orders
decreased 0.8 percent m-o-m in April, following a revised 1.3 percent gain in
March (originally a 1.9 percent m-o-m surge). That was the largest decline in
factory orders since October 2018.
Economists had
forecast a 0.9 percent m-o-m drop.
According to
the report, orders for transportation equipment tumbled 5.9 percent and orders
for computers and electronic products declined 0.5 percent, while orders for
electrical equipment, appliances and components rose 0.9 percent and orders for
machinery edged up 0.3 percent.
Total factory
orders excluding transportation, a volatile part of the overall reading, rose
0.3 percent m-o-m in April (compared to a 0.3 percent m-o-m advance in March), while
orders for nondefense capital goods excluding aircraft, a measure of business
spending plans, declined 1.0 percent m-o-m (compared to a 0.3 percent m-o-m gain
in March). The report also showed that shipments of core capital goods were
unchanged m-o-m in April, following a decrease of 0.6 percent m-o-m in March.
In y-o-y terms,
factory orders increased 1.6 percent in April.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
