Aug. 12 at 2:13 PM
$LYB $DOW
In July, U.S. factory orders rebounded strongly, increasing by 5.0% after two consecutive months of decline. This increase was primarily driven by a surge in transportation equipment orders, particularly aircraft and parts. Excluding transportation, factory orders were up a more modest 0.4%.
Here's a more detailed breakdown:
Overall Increase: Total factory orders rose to
$592.1 billion, a 5.0% increase.
Durable Goods: Orders for durable goods, which include items like vehicles and machinery, jumped 9.8%.
Transportation: Transportation equipment orders surged by 34.7%, driven by aircraft and parts.
Non-Durable Goods: Orders for non-durable goods, like food and clothing, increased by a smaller 0.8%.
Shipments: Shipments of manufactured goods also increased in July, rising by 1.1%.
