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US factory orders rise in June

U.S. factory goods orders rose 3.0% to $481.1 billion in June from revised $467.1 billion in May, when orders for manufactured goods edged down 0.3%, the U.S. Census Bureau reported Aug. 3.

New orders for manufactured durable goods climbed 6.4% to $245.8 billion, down from the previously published 6.5% increase. New orders for manufactured non-durable goods slipped 0.3% to $235.3 billion.

Shipments of manufactured durable goods were virtually unchanged at $236.2 billion, while those of non-durable goods decreased 0.3% to $235.3 billion.

Unfilled orders for durable goods increased 1.3% to $1.136 trillion, virtually unchanged from previously published growth.

Inventories of durable goods edged up 0.5% to $397.4 billion, while those of non-durable goods fell 0.3% to $251.7 billion.