July Fac­tory Or­ders Down; Ex-Trans­porta­tion up 0.5%

The Bond Buyer - - Market News - — Mar­ket News In­ter­na­tional

WASHINGTON – The value of new fac­tory or­ders fell by 3.3% in July, falling slightly lower than the ex­pected 3.1% drop by an­a­lysts from an MNI sur­vey. Non­durable goods or­ders rose 0.4%, but durable goods or­ders were un­re­vised at a 6.8% de­cline, data re­leased by the Com­merce De­part­ment Tues­day morning showed.

Pe­tro­leum and coal prod­ucts ship­ments rose by 2.2% in July. Non­durables ship­ments are equiv­a­lent to or­ders in this re­port.

To­tal fac­tory or­ders ex­clud­ing trans­porta­tion rose 0.5% in July, while durable goods or­ders ex­clud­ing trans­porta­tion were up 0.6%, re­vised up from the 0.5% in­crease in the ad­vance es­ti­mate.

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