US factory orders up by 1.7% in January - Breaking The News

US factory orders up by 1.7% in January

5 March

1 min read

EPA/JEFF KOWALSKY

New orders for manufactured goods in the United States saw a monthly rise of 1.7% or $9.8 billion to land at $589.9 billion in January, the US Census Bureau said in its report published on Wednesday. The figure met analysts' expectations.

Shipments climbed by 0.4% month-on-month to reach $592.1 billion, while unfilled orders were up by 0.2% to stand at $1,400.6 billion. Inventories increased by 0.1% or $0.8 billion to $863.7 billion. The inventories-to-shipments ratio stood at 1.46, unchanged from December.

factory orders data

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