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manufactured U.S. goods

Factory orders in two-month slump

Tue, 08/03/2010 - 23:02 by harsheeb

Washington -- New orders for manufactured U.S. goods dropped in June for the second consecutive month, the U.S. Census Bureau said Tuesday.

New orders have risen for 12 of the past 15 months, but the two-month downturn adds to a growing set of discouraging data. On Tuesday, the Commerce Department said consumer spending, personal incomes and disposable incomes were all flat in June.

The government said factory orders dropped 1.2 percent in June, falling by $5.1 billion to $406.4 billion. Shipments, also down in May, dropped by 0.8 percent to $411.2 billion.

Inventories dropped 0.1 percent to $520 billion after falling 0.4 percent in May.

Factory orders rebounded in September

Tue, 11/03/2009 - 23:01 by harsheeb

Washington -- New orders for manufactured U.S. goods rose in September for the fourth time in the past five months, the U.S. Census Bureau reported Tuesday.

New orders rose by $3.3 billion, recording a strong 0.9 percent gain, to $356.1 billion, following a 0.8 percent drop in the previous month.

The trend that looked broken a month ago turns out to be in good shape with the decline in August attributed to a relatively strong spike in July pushed by increased orders for aircraft.