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U.S. Factory Orders Inch Up In Line With Estimates In August
Strong demand for electrical equipment and appliances offset a 4.3% drop in civilian aircraft orders, while core capital goods orders rose 1.6%, the Census Bureau said.
- On Friday, the Commerce Department reported that U.S. factory orders edged up 0.1% in August, following a downwardly revised 0.8% increase in July.
- Factory orders were restrained by a 4.3% drop in civilian aircraft and parts, though total orders increased 6.8% on a year-over-year basis.
- Orders for electrical equipment, appliances, and components surged 1.1%, while the Census Bureau reported non-defense capital goods excluding aircraft accelerated 1.6% in August.
- The US-Israeli war with Iran has snarled supply chains and pushed diesel prices to record highs, while ongoing import tariffs pose additional downside risks.
- Economists say the economy could soon feel the effects of rising energy costs and geopolitical pressures, creating uncertainty for manufacturing sectors outside the AI spending boom.
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New manufacturing orders in the U.S. rose 0.1% month-on-month in August, in line with expectations.
·Istanbul, Türkiye
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U.S. Factory Orders Inch Up In Line With Estimates In August
A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.
Coverage Details
Total News Sources14
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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