U.S. Factory Orders
Factory orders in U.S. rose for the third consecutive month in April, with a 0.7 percent increase. Durable goods orders rose by 0.6 percent, while nondurable goods orders rose by 0.8 percent. Orders for consumer goods increased by 1.2 percent.
Key Points
- Orders rose for the third straight month
- Shipments also increased by one percent
- Durable goods orders rose by 0.6 percent
- Nondurable goods orders rose by 0.8 percent
- Orders for consumer goods jumped by 1.2 percent
Pros
- Positive sign of economic growth
- Potential increase in business investments
Cons
- Slowdown in durable goods orders compared to previous month