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Factories report increase in orders for third month out of four
WASHINGTON, July 2 () -- U.S. factories indicated business orders rose for the third month out of the past four in May,[url=http://www.christianlouboutin-vips.com/]Christian Louboutin Discount[/url], the Department of Commerce said Tuesday.Factory orders for U.S. manufactured goods rose 2.1 percent in the month to $485 billion after rising by 1.3 percent in April, a figure upwardly revised from a month earlier.Fresh orders in May rose by $9.9 billion, the Census Bureau News said.For May, transportation orders -- a category that includes big-ticket items, such as planes, trains and ships -- led the advance, rising 10.9 percent or by $7.3 billion to $74.5 billion.Without transportation orders, factory orders,[url=http://www.michaelkorsoutletstorei.com/]michael kors outlet store[/url], which were off a month earlier, rose by 0.6 percent, a sign that transportation orders are not carrying the entire increase.Orders for durable goods in May, also up for three of the past four months, rose by $8.2 billion or 3.7 percent to $231.2 billion, the bureau said.New orders for non-durable goods, which were down in April, rose by 0.7 percent or $1.8 billion to $253.8 billion.Inventories of manufactured durable goods,[url=http://www.christianlouboutinoutletsvip.co.uk/]Christian Louboutin Sale[/url], up for four of the past five months, rose by 0.1 percent or $400 million to $377.7 billion, reaching the highest level since 1992.Factories shipments also rose,[url=http://www.jimmychoosaler.com/]michael kors outlet[/url], climbing by $2.8 billion or 1.3 percent to $229.8 billion. |
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