US: Factory orders rise 2.3% in August vs 2.1% expected

"New orders for manufactured goods in August, up three of the last four months, increased $11.5 billion or 2.3 percent to $510.5 billion," the U.S. Census Bureau reported on Thursday.

Key takeaways from the press release

  • This followed a 0.5 percent July decrease. Shipments, up fifteen of the last sixteen months, increased $2.3 billion or 0.5 percent to $504.0 billion.
  • The unfilled orders-to-shipments ratio was 6.68, down from 6.72 in July.
  • Inventories, down following twentyone consecutive monthly increases, decreased $0.5 billion or 0.1 percent to $675.6 billion. 
  • New orders for manufactured durable goods in August, up two of the last three months, increased $11.0 billion or 4.4 percent to $259.6 billion, down from the previously published 4.5 percent increase.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.