Solid U.S. factory orders, business spending on equipment point to enduring manufacturing strength
FILE PHOTO: Autonomous robots assemble an X model SUV at the BMW manufacturing facility in Greer, South Carolina, U.S. November 4, 2019. REUTERS/Charles Mostoller
August 3, 2021
By Lucia Mutikani
WASHINGTON (Reuters) – New orders for U.S.-made goods increased more than expected in June, while business spending on equipment was solid, pointing to sustained strength in manufacturing even as spending is shifting away from goods to services.
The Commerce Department said on Tuesday that factory orders rose 1.5% in June after advancing 2.3% in May. Economists polled by Reuters had forecast factory orders increasing 1.0%.
Solid U S factory orders, business spending on equipment point to enduring manufacturing strength
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Solid U S factory orders, business spending on equipment point to enduring manufacturing strength
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Solid U S factory orders, business spending on equipment point to enduring manufacturing strength
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