FOREX TradingCharts.com

Financial News: U.S. Factory Orders Show Steep Nosedive In March

U.S. Factory Orders Show Steep Nosedive In March

05/04/2020 - 10:22:00 (RTTNews)

(RTTNews) - New orders for U.S. manufactured goods nosedived by even more than expected in the month of March, according to a report released by the Commerce Department on Monday.

The report said factory orders plummeted by 10.3 percent in March after edging down by a revised 0.1 percent in February.

Economists had expected factory orders to plunge by 9.8 percent compared to the unchanged reading originally reported for the previous month.

The steeper than expected drop in factory orders reflected substantial decreases in orders for both durable and non-durable goods.

Orders for durable goods sank by 14.7 percent, led by a 41.3 percent nosedive in orders for transportation equipment, while orders for non-durable goods tumbled by 5.8 percent.

The Commerce Department said shipments of manufactured goods also slumped by 5.2 percent in March after dipping by 0.3 percent in February.

Inventories of manufactured goods also fell by 0.8 percent in March following a 0.4 percent decrease in the previous month.

With shipments falling by much more than inventories, the inventories-to-shipments ratio jumped to 1.46 in March from 1.40 in February.

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: Eurozone Economic Confidence Data Due (42 min(s), 54 sec(s) ago)
(RTTNews) - Economic sentiment from euro area and preliminary inflation from Germany are due on Th ...Full Story»

Korea Rate Decision On Tap For Thursday (47 min(s), 06 sec(s) ago)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story»

Slovenia Retail Sales Fall At Slower Pace (06 min(s), 06 sec(s) ago)
(RTTNews) - Slovenia's retail sales declined at a slower pace in April, data from the Statisti ...Full Story»

Malta Producer Prices Rise In April (07 min(s), 06 sec(s) ago)
(RTTNews) - Malta's producer prices rose in April after falling in the previous month, data fr ...Full Story»

Sweden Producer Prices Decline Slows In April (28 min(s), 06 sec(s) ago)
(RTTNews) - Sweden's producer price declined at a softer pace in April, figures from Statistic ...Full Story»

Lithuania Retail Sales Decline In April (27 min(s), 06 sec(s) ago)
(RTTNews) - Lithuania's retail sales declined at a faster rate in April amid government measur ...Full Story»

Hungary Jobless Rate Rises In April (27 min(s), 06 sec(s) ago)
(RTTNews) - Hungary's jobless rate rose during the February to April period, data from the Hun ...Full Story»

Eurozone Likely To Contract 8-12% In 2020, ECB Chief Says (52 min(s), 06 sec(s) ago)
(RTTNews) - European Central Bank President Christine Lagarde said the euro area economy is likely ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

European Economics Preview: Eurozone Economic Confidence Data Due

05/28/2020 - 00:30 AM (RTTNews)
(RTTNews) - Economic sentiment from euro area and preliminary inflation from Germany are due on Th ...Full Story>>

Korea Rate Decision On Tap For Thursday

05/27/2020 - 18:00 PM (RTTNews)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story>>

Malta Producer Prices Rise In April

05/27/2020 - 07:20 AM (RTTNews)
(RTTNews) - Malta's producer prices rose in April after falling in the previous month, data fr ...Full Story>>

Slovenia Retail Sales Fall At Slower Pace

05/27/2020 - 07:19 AM (RTTNews)
(RTTNews) - Slovenia's retail sales declined at a slower pace in April, data from the Statisti ...Full Story>>

Sweden Producer Prices Decline Slows In April

05/27/2020 - 06:41 AM (RTTNews)
(RTTNews) - Sweden's producer price declined at a softer pace in April, figures from Statistic ...Full Story>>
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.