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US factory orders up 4.8% in April
New orders for manufactured goods in the United States stood at $662.7 billion in April, rising 4.8% month-over-month, data from the US Census Bureau showed on Wednesday. Shipments increased by 1% or $6.3 billion compared to March, landing at $641 billion, while unfilled orders improved by 1.7% or $26.8 billion to $1.5 trillion. Inventories amounted to $959.1 billion, going up 0.3% or $2.4 billion on a monthly basis. The inventories-to-shipments ratio stood at 1.50, slightly down compared to the previous month.
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- Jun 3, 9:07am | 10 hr ago Posted by
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