FOREX TradingCharts.com

Financial News: U.S. Factory Orders Jump Much More Than Expected

U.S. Factory Orders Jump Much More Than Expected In June

08/03/2022 - 11:12:00 (RTTNews)

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

The report showed factory orders shot up by 2.0 percent in June after surging by an upwardly revised 1.8 percent in May.

Economists had expected factory orders to advance by 1.1 percent compared to the 1.6 percent jump originally reported for the previous month.

The bigger than expected increase in factory orders came as orders for both durable goods and non-durable goods spiked by 2.0 percent.

The report showed shipments of manufactured goods also increased by 1.1 percent in June following a 2.1 percent surge in May.

Inventories of manufactured goods also rose by 0.4 percent in June after jumping by 1.3 percent in May.

With shipments increasing by more than inventories, the inventories-to-shipments ratio edged down to 1.45 in June from 1.46 in May.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


European Economics Preview: UK Labor Market Data Due (01 hr(s), 12 min(s), 15 sec(s) ago)
(RTTNews) - Labor market statistics from the UK and economic confidence from Germany are the major ...Full Story»

RBA Sees More Hikes In Process Of Normalizing Monetary Policy: Minutes (01 hr(s), 21 min(s), 15 sec(s) ago)
(RTTNews) - Policymakers of the Reserve Bank of Australia said more interest rate hikes will be ne ...Full Story»

RBA Minutes On Tap For Tuesday (07 min(s), 45 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary po ...Full Story»

Swiss Producer And Import Price Inflation Slows In July (37 min(s), 45 sec(s) ago)
(RTTNews) - Switzerland's producer and import prices increased at a softer pace in July, data ...Full Story»

U.S. Housing Market Index Unexpectedly Drops To Two-Year Low In August (50 min(s), 45 sec(s) ago)
(RTTNews) - A report released by the National Association of Home Builders on Monday unexpectedly ...Full Story»

New York Manufacturing Index Unexpectedly Indicates Contraction In August (06 min(s), 45 sec(s) ago)
(RTTNews) - New York manufacturing activity has unexpectedly seen a substantial contraction in the ...Full Story»

Slovakia Inflation Rises Slightly In July (04 min(s), 45 sec(s) ago)
(RTTNews) - Slovakia's consumer price inflation accelerated marginally in July, but remained a ...Full Story»

New York Manufacturing Index Unexpectedly Turns Negative In August (48 min(s), 45 sec(s) ago)
(RTTNews) - New York manufacturing activity has unexpectedly seen a substantial contraction in the ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

European Economics Preview: UK Labor Market Data Due

08/16/2022 - 01:40 AM (RTTNews)
(RTTNews) - Labor market statistics from the UK and economic confidence from Germany are the major ...Full Story>>

RBA Sees More Hikes In Process Of Normalizing Monetary Policy: Minutes

08/16/2022 - 01:31 AM (RTTNews)
(RTTNews) - Policymakers of the Reserve Bank of Australia said more interest rate hikes will be ne ...Full Story>>

RBA Minutes On Tap For Tuesday

08/15/2022 - 18:00 PM (RTTNews)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary po ...Full Story>>

Swiss Producer And Import Price Inflation Slows In July

08/15/2022 - 12:30 PM (RTTNews)
(RTTNews) - Switzerland's producer and import prices increased at a softer pace in July, data ...Full Story>>

U.S. Housing Market Index Unexpectedly Drops To Two-Year Low In August

08/15/2022 - 10:43 AM (RTTNews)
(RTTNews) - A report released by the National Association of Home Builders on Monday unexpectedly ...Full Story>>

Do not sell my personal information

Copyright © 2022. 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.