Factory orders rise 2.3% in June
- Prior month 0.3%
- Factory orders 2.3% versus 2.2% expected. Best since June 2021
- Ex transportation 0.2% versus -0.4%
- Orders are up 6 of the last 7 months
- Shipments of factory orders rose by 0.1%
- Unfilled orders of factory orders increase by 1.8%
- Inventories of factory orders was unchanged
Revisions to durable goods – a component of factory orders showed:
- Durable goods orders 4.6% vs 4.7% preliminary. Best since mid-2020
- Durable goods Ex Defense 6.0% versus 6.2% preliminary
- Durable goods ex Transport 0.5% versus 0.6% preliminary
- Nondefense capital goods orders ex air 0.1% versus 0.2% preliminary (proxy for capital investments by businesses)
- Shipments of manufactured durable goods increased by 0.2% versus 2.0% last month
- Unfilled orders of durable goods rose by 1.8% versus 0.8% in May with transportation equipment leading the gain with a rise of 2.9%
- Inventories of durable goods up 6 last 7 months increase by 0.1% versus +0.2% last month.
The preliminary durable goods orders were released around 10 days ago.
Overall better data from the US factories. For the full report CLICK HERE