Rise in US Factory Orders Beats Expectations in July
Civilian aircraft orders jumped 12.7%, while economists had expected a 0.6% rebound, the Commerce Department’s Census Bureau said.
- New factory orders increased 0.9% in July, exceeding analyst expectations of 0.6%, driven by a 12.7% surge in orders for civilian aircraft and parts, the Commerce Department's Census Bureau reported on Wednesday.
- Manufacturing, which accounts for 9.4% of the economy, is getting a tailwind from artificial intelligence buildout, though a six-month Israeli war with Iran is straining supply chains and keeping input prices elevated.
- Overall orders advanced 6.5% year-over-year in July, though sectoral performance diverged; motor vehicle bodies, parts and trailers rose 0.4%, while electrical equipment fell 0.3% and computers dropped 1.1%.
- Non-Defense capital goods orders remained unchanged, signaling flat business spending plans on equipment, while shipments of core capital goods increased 1.2% instead of the initially estimated 1.4%.
- Manufacturers grumbled about higher prices in an Institute for Supply Management survey on Tuesday, citing war and import tariffs, with some describing the economy as "annoying.
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BizTocFactory Orders Rebound Strongly in July
Factory Orders Rebound Strongly in July Despite Manufacturing PMIs sliding, US Factory orders were expected to rebound from a two-month decline in July (the latest data reported today) and rebound they did, rising 0.9% MoM (more than the expected 0.7% increase) with June's 0.3% decline revised up to a 0.2% decline... That is the best monthly rise since April, lifting orders up 9.9% YoY - the second best annual gain since Oct 2022! Core Factory o…
The U.S. Department of Commerce has released data on new manufacturing orders for July. According to the data, the value of new manufacturing orders in the country increased by 0.9 percent in July compared to the previous month, reaching $663.6 billion...
US industrial orders rose 0.9 per cent in July, compared with the month before. That's according to statistics from the U.S. Census Bureau.
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