Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/3/2012 10:15:00 AM Write a Letter to the Editor Write a letter to the Editor

Factory Orders Rise for First Time in Three Months

Factory orders rose 0.7% in May, the first gain in three months, the Commerce Department said Tuesday.

The increase followed a revised 0.7% decline in April, a bigger drop than originally reported.

Economists had forecast a 0.1% increase, Bloomberg reported.

Orders excluding transportation equipment rose 0.4%, while durable goods orders climbed 1.3%, the first gain in three months.

Shipments of capital goods increased 0.6%, following a 1.5% drop in April.

The trucking industry relies on factory orders and shipments for much of its business.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement