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U.S. factory orders rise in April

English.news.cn   2014-06-04 07:27:43

WASHINGTON, June 3 (Xinhua) -- New orders for manufactured goods increased for three consecutive months, indicating steadily recovery of the manufacturing sector as it shook off the negative impacts of the severe weather, the U.S. Commerce Department said in a report on Tuesday.

New orders for manufactured goods increased 0.7 percent in April following a revised gain of 1.5 percent in March, the report said.

New orders excluding transportation, a closely watched index as a key proxy for business investment, increased 0.5 percent.

Transportation orders are frequently volatile, and are often stripped out to get a clearer view of underlying trends.

New orders for manufactured durable goods increased 0.6 percent, and new orders for non-durable goods increased 0.7 percent.

Economic activity in the U.S. manufacturing sector continued to expand at better-than-expected level in April due to strong gain in new orders and production. The manufacturing index, or the purchasing managers index, rose to a five-month high of 55.4 percent in May from the previous month's reading of 54.9 percent, the Institute for Supply Management said in Monday.

Editor: chengyang
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