
403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
U.S. Posts 4.8 Percent Decline in June Factory Orders
(MENAFN) US factory orders declined by 4.8% month-over-month in June, a smaller drop than analysts had predicted, according to official figures released Monday.
Data from the US Census Bureau revealed that total factory orders in June reached $611.7 billion.
The May factory orders number was revised upward, moving from 8.2% to 8.3%.
Market forecasts had anticipated a 4.9% decrease in June factory orders.
After gains in the previous two months, shipments increased by $2.9 billion, or 0.5%, totaling $602.4 billion in June.
Unfilled orders, which have risen in 11 of the past 12 months, added $14.3 billion in June, a 1% increase, reaching $1.47 trillion.
Inventories, having grown in eight of the last nine months, expanded by $1.6 billion, or 0.2%, to $945.6 billion.
The ratio of inventories to shipments held steady from May at 1.57.
Factory orders are a critical gauge for forecasting the industrial sector’s near-term performance, a vital component of the US economy.
Data from the US Census Bureau revealed that total factory orders in June reached $611.7 billion.
The May factory orders number was revised upward, moving from 8.2% to 8.3%.
Market forecasts had anticipated a 4.9% decrease in June factory orders.
After gains in the previous two months, shipments increased by $2.9 billion, or 0.5%, totaling $602.4 billion in June.
Unfilled orders, which have risen in 11 of the past 12 months, added $14.3 billion in June, a 1% increase, reaching $1.47 trillion.
Inventories, having grown in eight of the last nine months, expanded by $1.6 billion, or 0.2%, to $945.6 billion.
The ratio of inventories to shipments held steady from May at 1.57.
Factory orders are a critical gauge for forecasting the industrial sector’s near-term performance, a vital component of the US economy.

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Mutuum Finance (MUTM) New Crypto Coin Eyes Next Price Increase As Phase 6 Reaches 50% Sold
- Bydfi Highlights 'BUIDL' Ethos During Newcastle United Match Against Arsenal
- Flexm Recognized As“Highly Commended” In The Regtech Category At The Asia Fintech Awards Singapore 2025
- Solotto Launches As Solana's First-Ever Community-Powered On-Chain Lottery
- Moonx: The Leading Crypto Trading Platform With X1000 Leverage And Unlimited Meme Coin Access
- Stonehaven Circle Marks 13Th Anniversary With Hadrian Colwyn Leading Calvio Ailegacyx Innovation
Comments
No comment