Ekonomické zprávy
04.06.2024

U.S. factory orders climb 0.7 per cent in April

The U.S. Commerce Department announced on Tuesday that the value of new factory orders climbed by 0.7 per cent m-o-m in April, following a downwardly revised 0.7 per cent m-o-m jump (from +1.6 per cent m-o-m) in March. This was the third straight monthly gain in factory orders.

Economists had expected a gain of 0.6 per cent m-o-m for April.

According to the report, orders for durable goods increased 0.6 per cent m-o-m in April, led by gains in primary metals (+1.3 per cent m-o-m) and transportation equipment (+1.1 per cent m-o-m). Meanwhile, orders for nondurable goods increased by 0.8 per cent m-o-m.

Total factory orders excluding transportation, a volatile part of the overall reading, also rose by 0.7 per cent m-o-m (compared to a downwardly revised 0.4 per cent m-o-m increase (from +0.5 per cent m-o-m) in March), while orders for nondefense capital goods excluding aircraft, a measure of business spending plans, went up 0.2 per cent m-o-m (compared to a 0.2 per cent m-o-m drop in March and instead of increasing +0.3 per cent m-o-m as reported last month).

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