comes from the Commerce Department’s monthly report on factory orders. These jumped by an impressive 1.4 percent in August after slumping 2.1 percent in July. This was much better than the small 0.2 percent increase forecast by Wall Street.Factory orders have risen in five out of the last six months
, including four straight months of gains prior to July. What’s more, the July slump was driven by 45.7 percent decline in the volatile category of civilian aircraft. Exclude transportation, and July’s figure was a gain of 0.9 percent .have been up every month since a month-to-month gain in December ended the contraction streak that had been running since June of 2022.excluding transportation rose 1.4 percent. Durable goods orders minus transportation were up by a strong 0.
in our analysis of the August factory orders. Defense aircraft and parts orders rose 19.2 percent in August and are up 13 percent year-to-date. If we exclude defense from total factory orders, the rise comes down to a still respectable 0.8 percent.are showing strength. Household appliance orders jumped 3.6 percent and are up 5.5 percent year to date. Orders for nondefense capital goods, excluding aircraft, rose 0.7 percent.
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