Market Updates
Factory Orders Increased 0.3% In May
Brian Turner
05 Jul, 2023
New York City
Factory orders in May increased for five of the last six months, driven by large ticket transportation orders, the U.S. Census Bureau reported Wednesday.
New orders for manufactured goods increased 0.3% to $578.0 billion, matching the rise in the previous month.
Durable goods orders increased 1.8%, after transportation orders rose 3.8%. Non-durable goods orders declined 1.2%.
Shipments for manufactured durable goods orders increased 1.8% following 0.6% increase in April.
Transportation equipment shipment increased 4..8% and nondurable goods orders shipments declined 1.2% following a 0.7% fall in April.
Unfilled orders for manufactured durable goods increased 0.8% in May and matched the rate in April.
Inventories of manufactured durable goods orders increased 0.2% following a 1.0% rise in April.
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