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Economy
Factory Orders Jump 6.4% in July, Durable Goods Soar 11.4%
2020-09-03
[Breitbart] The resurgence of American manufacturing from the depths of the pandemic continued in July.

U.S. factory orders rose 6.4 percent last month, the third consecutive increase, the Census Bureau reported Wednesday. Orders were up 6.4 percent in June. Economists had forecast a 6.0 percent gain, a slowdown from the month before.

Orders for durable goods, those expected to last three years or longer, rose 11.4 percent. That’s an increase from the 11.2 percent rise initially reported and brings manufacturing in-line with its pre-pandemic level of activity.

Transportation equipment, also up three consecutive months, led the increase, $19.6 billion or 35.7 percent to $74.7 billion. New orders for manufactured nondurable goods increased $4.2 billion or 1.8 percent to $235.0 billion.

New orders for non-defense capital goods, excluding aircraft, rose 1.9 percent. That follows a 4.5 percent increase in June and a 1.5 increase in May.

Recent surveys of manufacturers suggest that the growth in the sector has continued in August.
Posted by:Besoeker

#7   I wonder if the Wuhan lab supplied the DNC / Deep State with COVID virus cultures in case they need to re-spark the pandemic before the election.

Its a binary agent, activated by consuming anything pumpkin spice.
Posted by: swksvolFF   2020-09-03 10:58  

#6  #5 Some things you can't farm out.
Posted by: g(r)omgoru   2020-09-03 08:44  

#5  I wonder if the Wuhan lab supplied the DNC / Deep State with COVID virus cultures in case they need to re-spark the pandemic before the election.

/~sarc
Posted by: M. Murcek   2020-09-03 08:38  

#4  Uh-Oh! Time for another distraction from the left! We can't let the rubes know that everything is not in the toilet.
Posted by: AlmostAnonymous5839   2020-09-03 08:23  

#3  During an actual depression or recession, hard good orders would plummet. But they are increasing. The economy was damaged by these shutdowns, but not as badly damaged as the Democrats had hoped. We are prepared to bounce back, at least in certain regions that aren't being ravaged by violence.
Posted by: Vernal Hatrick   2020-09-03 08:14  

#2  Very obviously residual benefits of the Soetoro years, in spite of the Orange Man's chaos and failures. True genius eventually prevails.

[snark off]
Posted by: Besoeker   2020-09-03 07:41  

#1  Orders for durable goods rose 11.4 percent. That’s an increase from the 11.2 percent rise initially reported and brings manufacturing in-line with its pre-pandemic level of activity.

When times are tough, people still need stuff. They don't need service jobs that don't involve making stuff work. Gotta onshore those exported manufacturing jobs.
Posted by: Pearl Lumplump9517   2020-09-03 01:21  

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