FOREX TradingCharts.com

Financial News: U.S. Factory Orders Drop More Than Expected In

U.S. Factory Orders Drop More Than Expected In May

07/03/2019 - 10:25:00 (RTTNews)

(RTTNews) - New orders for U.S. manufactured goods fell by more than anticipated in the month of May, according to a report released by the Commerce Department on Wednesday.

The Commerce Department said factory orders slid by 0.7 percent in May after plunging by a revised 1.2 percent in April.

Economists had expected factory orders to drop by 0.5 percent compared to the 0.8 percent decrease originally reported for the previous month.

The report said orders for durable goods slumped by 1.3 percent in May after tumbling by 2.8 percent in April, unrevised from the preliminary data published last week.

Orders for transportation equipment led the way lower once again, plummeting 4.6 percent in May following a 7.6 percent nosedive in April.

The Commerce Department said orders for non-durable goods also edged down by 0.2 percent in May after rising by 0.4 percent in the previous month.

Shipments of manufactured goods inched up by 0.1 percent in May after falling by 0.6 percent in April, while inventories of manufactured goods rose by another 0.2 percent.

With inventories rising by slightly more than shipments, the inventories-to-shipments ratio ticked up to 1.38 in May from 1.37 in April.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Inflation Data Due On Friday (02 hr(s), 14 min(s), 57 sec(s) ago)
(RTTNews) - Japan will on Friday release June numbers for nationwide consumer prices, highlighting ...Full Story»

U.S. Leading Economic Index Unexpectedly Drops 0.3% In June (09 hr(s), 29 min(s), 57 sec(s) ago)
(RTTNews) - Reflecting weaknesses in new orders for manufacturing, housing permits, and unemployme ...Full Story»

South Africa CB Cuts Interest Rate, Growth Forecast (09 hr(s), 48 min(s), 57 sec(s) ago)
(RTTNews) - South Africa's central bank cut its key interest rate on Thursday and slashed its ...Full Story»

Philadelphia Manufacturing Shows Substantial Reacceleration In July (10 hr(s), 42 min(s), 57 sec(s) ago)
(RTTNews) - After reporting nearly stagnant Philadelphia-area manufacturing activity in the previo ...Full Story»

U.S. Weekly Jobless Claims Rise In Line With Estimates (10 hr(s), 44 min(s), 57 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S ...Full Story»

Indonesia Cuts Interest Rates For First Time In Nearly 2 Years (11 hr(s), 02 min(s), 57 sec(s) ago)
(RTTNews) - Indonesia's central bank cut its key interest rate for the first time in nearly tw ...Full Story»

Philly Fed Index Jumps Much More Than Expected In July (11 hr(s), 31 min(s), 57 sec(s) ago)
(RTTNews) - After reporting nearly stagnant Philadelphia-area manufacturing activity in the previo ...Full Story»

U.S. Weekly Jobless Claims Inch Up To 216,000 (11 hr(s), 36 min(s), 57 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Inflation Data Due On Friday

07/18/2019 - 17:59 PM (RTTNews)
(RTTNews) - Japan will on Friday release June numbers for nationwide consumer prices, highlighting ...Full Story>>

U.S. Leading Economic Index Unexpectedly Drops 0.3% In June

07/18/2019 - 10:44 AM (RTTNews)
(RTTNews) - Reflecting weaknesses in new orders for manufacturing, housing permits, and unemployme ...Full Story>>

South Africa CB Cuts Interest Rate, Growth Forecast

07/18/2019 - 10:25 AM (RTTNews)
(RTTNews) - South Africa's central bank cut its key interest rate on Thursday and slashed its ...Full Story>>

Philadelphia Manufacturing Shows Substantial Reacceleration In July

07/18/2019 - 09:31 AM (RTTNews)
(RTTNews) - After reporting nearly stagnant Philadelphia-area manufacturing activity in the previo ...Full Story>>

U.S. Weekly Jobless Claims Rise In Line With Estimates

07/18/2019 - 09:29 AM (RTTNews)
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.