US MANUFACTURED GOODS ORDERS SURPRISE AGAIN WITH MAY INCREASE

Manufacturing orders rise.

#TUESDAYTIDBIT The May increase was fueled by nondefense spending, with nondefense aircraft and parts orders growing by almost a third month-over-month. Orders of big-ticket manufactured items continued to defy expectations to rise again in May, fueled by a sharp jump in orders for transportation equipment, according to U.S. government data released late June. What does […]

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