48485
US Factory Orders Rise
US Factory Orders Rise

US Factory Orders Rise

US Factory Orders Rise

New orders for US manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business spending downturn was starting to ease, Reuters reported. The economic outlook also was boosted by another report on Thursday showing an unexpected drop in the number of Americans filing for unemployment benefits last week, indicating sustained labor market strength. Together, the data support the view that the Federal Reserve will raise interest rates in December. The US  Commerce Department said non-defense capital goods orders, excluding aircraft, increased 1.6% last month, the largest gain since January.

Short URL : http://goo.gl/NuzSlx
  1. http://goo.gl/XsCWiq
  • http://goo.gl/qfi0kt
  • http://goo.gl/KIrUX3
  • http://goo.gl/dFcErW
  • http://goo.gl/GUWCmm

You can also read ...

While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...

Trending

Googleplus