U.S. factory orders rose 0.9% in July, beating expectations for a 0.6% increase and rebounding from June’s decline.
Orders excluding transportation climbed 0.6%, while orders excluding defense jumped 1.0%. Durable goods orders were confirmed at +1.1%, and nondurable goods orders increased 0.7%. However, computers and electronic products orders fell 1.1%, reversing June’s 3.1% gain. Overall, the data points to stronger U.S. manufacturing demand in July, despite weakness in the technology segment.
Source:X@DeItaone · Source Link
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