31 August 2001, 18:28 US Factory Orders-OVERVIEW
--US July factory orders +0.1%; ex-transportation unchanged
--Excluding defense, US July factory orders -0.1%
--US July durable goods orders revised to -0.7%, from -0.6%
--US July factory inventories -0.6%; shipments +0.5%
--US July unfilled orders -1.0%
--US July's inventory/shipments ratio 1.38 vs June's 1.40
Andrew Williams//
Washington, Aug. 31 (BridgeNews) - A 0.9% rise in transportation
orders helped U.S. factory orders edge up 0.1% in July, topping
economists' expectations for a 0.5% decline. However, June's factory
orders were revised to down 2.9% from down 2.4%. Excluding transportation,
factory orders were unchanged in July, while factory inventories fell
0.6%.
July's non-durable goods shipments, a proxy for non-durable goods
orders, were up 1.1% after a revised 3.4% decline the month before, the
Commerce Department said.
July's orders for durable goods were revised to down 0.7%, from down
0.6% as reported in the Aug. 24 preliminary report on durable goods
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