ORDERS FOR US BIG-TICKET FACTORY GOODS SURGE 15.8% IN MAY

Techlife News|Techlife News #452

ORDERS FOR US BIG-TICKET FACTORY GOODS SURGE 15.8% IN MAY
Orders to American factories for big-ticket goods rebounded last month from a disastrous April and March as the U.S. economy began to slowly reopen.
The Commerce Department said that orders for manufactured goods meant to last at least three years shot up 15.8% in May after plunging 18.1% in April and 16.7% in March. Economists expected a rebound, but the May increase was stronger than expected.

A category that tracks business investment — orders for nondefense capital goods excluding aircraft — rose 2.3% after dropping 6.5% in April.

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Techlife News #452