FOREX TradingCharts.com

Financial News: U.S. Factory Orders Continue To Skyrocket In July

U.S. Factory Orders Continue To Skyrocket In July

09/02/2020 - 10:35:00 (RTTNews)

(RTTNews) - New orders for U.S. manufactured goods showed another substantial increase in the month of July, according to a report released by the Commerce Department on Wednesday.

The Commerce Department said factory orders soared by 6.4 percent in July, matching the upwardly revised spike seen in June.

Economists had expected factory orders to surge up by 6.0 percent compared to the 6.2 percent jump originally reported for the previous month.

Factory orders continued to spike as orders for durable goods skyrocketed by 11.4 percent in July after soaring by 7.7 percent in June. Orders for transportation equipment led the way higher.

The Commerce Department said orders for non-durable goods also increased by 1.8 percent in July after jumping by 5.3 percent in June.

The report also showed a continued increase in shipments of manufactured goods, which surged up by 4.6 percent in July after spiking by 10.0 percent in June.

Meanwhile, inventories of manufactured goods fell by 0.5 percent in July after rising by 0.5 percent in the previous month.

With shipments jumping and inventories falling, the inventories-to-shipments dropped to 1.43 in July from 1.51 in June.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


European Economics Preview: Sweden Central Bank Rate Decision Due (02 min(s), 25 sec(s) ago)
(RTTNews) - The interest rate announcement from Sweden's central bank is due on Tuesday, headl ...Full Story»

Thai Trade Data Due On Tuesday (59 min(s), 35 sec(s) ago)
(RTTNews) - Thailand will on Tuesday release August figures for imports, exports and trade balance ...Full Story»

South Korea Producer Prices Climb 0.5% In August (53 min(s), 35 sec(s) ago)
(RTTNews) - Producer prices in South Korea were up 0.5 percent on month in August, the Bank of Kor ...Full Story»

Luxembourg Jobless Rate Falls Further (42 min(s), 35 sec(s) ago)
(RTTNews) - Luxembourg's unemployment rate fell for a second straight month in August to its l ...Full Story»

UK Household Finances Continue To Deteriorate In September (58 min(s), 35 sec(s) ago)
(RTTNews) - UK households' perception about the financial well-being showed another sharp fall ...Full Story»

Belgium Consumer Confidence Rebound Strongly To 7-month High (37 min(s), 35 sec(s) ago)
(RTTNews) - Belgium's consumer confidence rebounded strongly in September to its highest level ...Full Story»

Hong Kong Consumer Prices Fall For Second Month (23 min(s), 35 sec(s) ago)
(RTTNews) - Hong Kong's consumer price declined for the second straight month in August, data ...Full Story»

UK House Prices Rise Most In 4 Years: Rightmove (23 min(s), 35 sec(s) ago)
(RTTNews) - UK house prices increased at the fastest pace in four years in September driven by hig ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

European Economics Preview: Sweden Central Bank Rate Decision Due

09/22/2020 - 00:02 AM (RTTNews)
(RTTNews) - The interest rate announcement from Sweden's central bank is due on Tuesday, headl ...Full Story>>

Thai Trade Data Due On Tuesday

09/21/2020 - 18:04 PM (RTTNews)
(RTTNews) - Thailand will on Tuesday release August figures for imports, exports and trade balance ...Full Story>>

South Korea Producer Prices Climb 0.5% In August

09/21/2020 - 17:58 PM (RTTNews)
(RTTNews) - Producer prices in South Korea were up 0.5 percent on month in August, the Bank of Kor ...Full Story>>

Luxembourg Jobless Rate Falls Further

09/21/2020 - 09:47 AM (RTTNews)
(RTTNews) - Luxembourg's unemployment rate fell for a second straight month in August to its l ...Full Story>>

UK Household Finances Continue To Deteriorate In September

09/21/2020 - 06:03 AM (RTTNews)
(RTTNews) - UK households' perception about the financial well-being showed another sharp fall ...Full Story>>

Do not sell my personal information

Copyright © 2020. 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.