Economic Buzz: US Factory Orders Rise, Core Capital Goods Jump

capital market | Mumbai | October 06, 2017 08:48 IST

Economic Buzz: US Factory Orders Rise, Core Capital Goods Jump

New orders for US manufactured goods rebounded by slightly more than anticipated in the month of August, according to a report released by the Commerce Department on Thursday. The report said factory orders jumped by 1.2% to $471.7 billion in August. Orders for non-defense capital goods excluding aircraft - seen as a measure of business spending plans - spurt 1.1% in August instead of the 0.9% increase reported last month.Orders for these so-called core capital goods rose 1.3% in July. Shipments of core capital goods, which are used to calculate business equipment spending in the gross domestic product report, shot up 1.1% instead of the previously reported 0.7% rise.

Powered by Commodity Insights

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.