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| Economy |
| US factory orders rise more than expected in May |
| 2009-07-02 |
| Orders to U.S. factories jumped in May by the largest amount in nearly a year, another sign that the nosedive in manufacturing is nearing an end. The Commerce Department said Thursday that total orders rose 1.2 percent in May, better than the 0.8 percent increase that economists had expected. The April performance was revised slightly lower to a gain of 0.5 percent, from 0.7 percent. The May increase was the best showing since a 2.1 percent rise last June. The back-to-back increases in April and May were the first consecutive gains in nearly a year. Analysts saw the back-to-back gains in orders as further evidence that a dismal stretch for manufacturers may be ending. Orders had fallen every month from August through January. Even with the recent increases, orders so far this year are running 23.3 percent below the year-ago level. |
| Posted by:ed |
| #3 What, the US still has factories? |
| Posted by: gromky 2009-07-02 18:23 |
| #2 Orders to U.S. factories jumped in May by the largest amount in nearly a year.. I guess they've thrown in the Treasury's continuous run on the printing presses as being 'orders to factory' for counting purposes. |
| Posted by: Procopius2k 2009-07-02 16:23 |
| #1 Even with the recent increases, orders so far this year are running 23.3 percent below the year-ago level. Moving the goalposts again. |
| Posted by: mojo 2009-07-02 11:19 |