US Markets

U.S. factory orders beat expectations in June

Contributor
Lucia Mutikani Reuters
Published
Credit: REUTERS/TOM BRENNER

New orders for U.S.-made goods increased more than expected in June, suggesting the manufacturing sector was regaining its footing though rising COVID-19 cases threaten the tentative recovery.

WASHINGTON, Aug 4 (Reuters) - New orders for U.S.-made goods increased more than expected in June, suggesting the manufacturing sector was regaining its footing though rising COVID-19 cases threaten the tentative recovery.

The Commerce Department said on Tuesday factory orders increased 6.2% after rebounding 7.7% in May. Still, orders remained below their February level. Economists polled by Reuters had forecast factory orders advancing 5.0% in June.

(Reporting by Lucia Mutikani Editing by Chris Reese)

((Lucia.Mutikani@thomsonreuters.com; 1 202 898 8315; Reuters Messaging: lucia.mutikani.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

See more videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More

Explore US Markets

Explore

Most Popular