Topspin
Verified User
Factory Orders Jumped 1.7% in June, Above Forecasts
New orders at U.S. factories increased by a greater-than-expected 1.7 percent in June, helped by a sharp gain in nondurable goods orders, a Commerce Department report on Monday showed.
Economists polled by Reuters had expected factory orders to gain 0.7 percent in June.
Factory orders in May were revised higher to show a 0.9 percent rise, previously reported as a 0.6 percent advance.
June's increase was the largest since December.
Orders for nondurable goods rose 2.5 percent in June, the Commerce Department said, possibly reflecting higher prices for energy and commodities.
Excluding transportation items, new orders gained 2.3 percent.
New orders at U.S. factories increased by a greater-than-expected 1.7 percent in June, helped by a sharp gain in nondurable goods orders, a Commerce Department report on Monday showed.
Economists polled by Reuters had expected factory orders to gain 0.7 percent in June.
Factory orders in May were revised higher to show a 0.9 percent rise, previously reported as a 0.6 percent advance.
June's increase was the largest since December.
Orders for nondurable goods rose 2.5 percent in June, the Commerce Department said, possibly reflecting higher prices for energy and commodities.
Excluding transportation items, new orders gained 2.3 percent.
