Market news
05.09.2019, 14:28

U.S. factory orders increase more than forecast in July

The U.S. Commerce Department reported on Thursday that the value of new factory orders rose 1.4 percent m-o-m in July, following a revised 0.5 percent increase in June (originally a 0.6 percent m-o-m gain). That was the largest monthly increase in industrial orders since August of 2018.

Economists had forecast a 1.0 percent m-o-m advance.

According to the report, orders for transportation equipment surged 7.0 percent m-o-m in July after growing 4.1 percent m-o-m in June. There were also gains in orders for computers and electronic products, and electrical equipment, appliances and components. Meanwhile, machinery orders dropped 0.8 m-o-m after rising 1.7 percent m-o-m in June.

Total factory orders excluding transportation, a volatile part of the overall reading, rose 0.3 percent m-o-m in July (compared to a 0.1 percent m-o-m drop in June), while orders for nondefense capital goods excluding aircraft, a measure of business spending plans, increased 0.2 percent m-o-m (compared to a 0.9 percent m-o-m climb in June). The report also showed that shipments of core capital goods fell 0.6 percent m-o-m in July, following a flat m-o-m performance in June.

In y-o-y terms, factory orders increased 0.4 percent in July.

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location