facebook
twitter
rss
account
search
search
 

New U.S. factory orders were up in July

Aug. 31, 2012 at 11:13 AM   |   Comments

WASHINGTON, Aug. 31 (UPI) -- U.S. factory orders rebounded in July, with durable goods and non-durable goods up 4.1 percent and 1.5 percent, respectively, the Census Bureau said.

New orders for both long-lasting merchandise, deemed durable goods, and quickly expended items, such as soap or paper products, rose 2.8 percent following a 0.5 percent decline in June, bureau said.

Order for big-ticket transportation items, such as trucks, ships, planes and trains, rose 14.4 percent, or by $10.1 billion to $80.6 billion.

Transportation provided the biggest boost to new orders. Without transportation figured into the equation, the orders rose 0.7 percent, said the Census Bureau, which is part of the Commerce Department.

The 2.8 percent overall rise in new orders equates to $12.9 billion, bringing total orders to $478.6 billion.

Inventories of durable goods, up for 30 of the past 31 months, rose in July by 0.7 percent to $369.2 billion.

The transportation sector had the largest inventory increase. Also up 30 of the past 31 months, inventories in transportation, rose by $1.3 billion, or 1.2 percent, to $110.4 billion.

Inventories of non-durable goods rose by 0.2 percent or $400 million to $238.1 billion, increasing after fourth consecutive months of declines.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
U.S. Air Force orders more RQ-4 Global Hawks U.S. Air Force orders more RQ-4 Global Hawks
2
Talon rocket in full-rate production for UAE Talon rocket in full-rate production for UAE
3
Students hurt in high school lab fire Students hurt in high school lab fire
4
EU, Kiev, Moscow gas talks suspended EU, Kiev, Moscow gas talks suspended
5
Hotel chain suspending sponsorship of Minnesota Vikings Hotel chain suspending sponsorship of Minnesota Vikings
Trending News
Video
x
Feedback