FOREX TradingCharts.com

Financial News: U.S. Factory Orders Rise Much Less Than Expected

U.S. Factory Orders Rise Much Less Than Expected In April

06/02/2022 - 11:00:00 (RTTNews)

(RTTNews) - After reporting a sharp increase in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Thursday showing factory orders rose by much less than expected in the month of April.

The Commerce Department said factory orders edged up by 0.3 percent in April after jumping by a downwardly revised 1.8 percent in March.

Economists had expected factory orders to advance by 0.7 percent compared to the 2.2 percent surge originally reported for the previous month.

The report showed durable goods orders rose by 0.5 percent compared to the previously reported 0.4 percent increase, while orders for non-durable goods crept up by 0.2 percent.

The Commerce Department also said shipments of manufactured goods inched up by 0.2 percent in April after spiking by 2.2 percent in March.

Inventories of manufactured goods also increased by 0.6 percent in April following a 1.4 percent jump in the previous month.

With inventories rising by more than shipments, the inventories-to-shipments ratio ticked up to 1.48 in April from 1.47 in March.

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


Eurozone Investor Confidence Hits 26-Month Low (12 hr(s), 20 min(s) ago)
(RTTNews) - Eurozone investor confidence weakened notably to a 26-month low in July, raising fears ...Full Story»

Germany Trade Balance Swings To Deficit; Exports Unexpectedly Fall (13 hr(s), 16 min(s) ago)
(RTTNews) - Germany's trade balance logged an unexpected deficit in May as trade disruption da ...Full Story»

Spain Unemployment Lowest Since 2008 (14 hr(s), 18 min(s) ago)
(RTTNews) - Spain unemployment declined sharply in June to the lowest since October 2008, the labo ...Full Story»

Latvia Industrial Production Grows In May (14 hr(s), 21 min(s) ago)
(RTTNews) - Latvia's industrial production advanced in May, primarily driven by robust growth ...Full Story»

Eurocoin Indicator Falls In June (14 hr(s), 45 min(s) ago)
(RTTNews) - An indicator reflecting the current economic situation in the euro area fell in June, ...Full Story»

Swiss Inflation At 29-Year High (14 hr(s), 51 min(s) ago)
(RTTNews) - Switzerland's consumer price inflation rose to the highest level since 1993, data ...Full Story»

Australia ANZ Job Ads Increase In June (15 hr(s), 13 min(s) ago)
(RTTNews) - Australia's job advertisements rose again in June and exceeded the recent pack see ...Full Story»

Eurozone PPI Inflation Eases More Than Forecast (15 hr(s), 16 min(s) ago)
(RTTNews) - Eurozone producer price inflation slowed more than expected in May, after reaching a n ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Investor Confidence Hits 26-Month Low

07/04/2022 - 08:51 AM (RTTNews)
(RTTNews) - Eurozone investor confidence weakened notably to a 26-month low in July, raising fears ...Full Story>>

Germany Trade Balance Swings To Deficit; Exports Unexpectedly Fall

07/04/2022 - 07:55 AM (RTTNews)
(RTTNews) - Germany's trade balance logged an unexpected deficit in May as trade disruption da ...Full Story>>

Spain Unemployment Lowest Since 2008

07/04/2022 - 06:53 AM (RTTNews)
(RTTNews) - Spain unemployment declined sharply in June to the lowest since October 2008, the labo ...Full Story>>

Latvia Industrial Production Grows In May

07/04/2022 - 06:50 AM (RTTNews)
(RTTNews) - Latvia's industrial production advanced in May, primarily driven by robust growth ...Full Story>>

Eurocoin Indicator Falls In June

07/04/2022 - 06:26 AM (RTTNews)
(RTTNews) - An indicator reflecting the current economic situation in the euro area fell in June, ...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.