U.S. Factory Orders Show Significant Pullback In July
05 September 2023 - 1:05PM
RTTF2
After reporting a sharp increase in new orders for U.S.
manufactured goods, the Commerce Department released a report on
Tuesday showing a significant pullback in factory orders in the
month of July.
The Commerce Department said factory orders tumbled by 2.1
percent in July after surging by 2.3 percent in June. Economists
had expected factory orders to plunge by 2.6 percent.
The sharp pullback in factory orders came as durable goods
orders plummeted by 5.2 percent in July after soaring by 4.3
percent in June. Orders for transportation equipment led the way
lower, diving by 14.3 percent.
Meanwhile, the report said orders for non-durable goods jumped
by 1.1 percent in July after climbing by 0.4 percent in the
previous month.
The Commerce Department also said shipments of manufactured
goods rose by 0.5 percent in July after inching up by 0.2 percent
in June.
Inventories of manufactured goods also crept up 0.1 percent in
July following two consecutive monthly decreases.
With inventories and shipments both increasing, the
inventories-to-shipments ratio was unchanged from the previous
month at 1.48.
Euro vs NZD (FX:EURNZD)
Forex Chart
Von Jun 2024 bis Jul 2024
Euro vs NZD (FX:EURNZD)
Forex Chart
Von Jul 2023 bis Jul 2024