Factory orders for manufactured goods in the United States rose 4.7 per cent in July from the previous month, the Commerce Department said.
The consensus forecast of Wall Street economists had been for orders to rise 3.8 per cent.
Factory orders dropped a revised 2.5 per cent in June, compared with the initial estimate that orders decreased 2.4 per cent. Year-on-year, factory orders were up 3.6 per cent in July.
Orders for durable goods rose 9.2 per cent in July, compared with the advance estimate of an 8.7 per cent rise published on August 27th.
Manufacturing inventories fell 0.1 per cent in the month, after a 0.1 per cent fall in July, for the 18th consecutive decline.
Durable goods inventories fell 0.4 per cent in July after declining 0.4 per cent in the previous month.
Unfilled orders, an indication of how busy factories will be in future months, rose 0.3 per cent in July after a 1.6 per cent fall in June.
PA