Fac­tory Or­ders In­crease, Driven by Trans­porta­tion

The Bond Buyer - - Market News -

The value of new fac­tory or­ders rose by 1.2% in Au­gust, beat­ing the 0.9% in­crease ex­pected by an­a­lysts in a MNI sur­vey.

Non­durable goods or­ders rose 0.4%, but durable goods or­ders were re­vised up to a 2.0% in­crease, data re­leased by the Commerce Depart­ment Thurs­day morn­ing showed. Petroleum and coal prod­ucts ship­ments rose by 2.2% in Au­gust, lead­ing the in­crease in non­durables or­ders.

To­tal fac­tory or­ders ex­clud­ing trans­porta­tion rose 0.4% in Au­gust, while durable goods or­ders ex­clud­ing trans­porta­tion were up 0.5%, re­vised up from the 0.2% in­crease in the ad­vance es­ti­mate.

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