U.S. factory orders rise 0.9% in April

Investor’s Business Daily

U.S.-made factory goods increased 0.9% in April, the sharpest gain in five months, the Commerce Department reported Thursday.

Shipments of factory goods increased 0.7%, while inventories rose 0.1%. The inventory-to-shipment ratio fell to 1.24 from 1.25 in March.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.