3/19, 3:00 PM (Source: TeleTrader)
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US factory orders add 0.1% in January

The increase in factory orders in the United States in January was only 0.1%, or by $0.3 billion, below expectations but in line with the rise in the month before, said the country's Census Bureau in a release on Tuesday. In total, the factory orders for the month amounted to $500.5 billion.

Shipments were down 0.4% in the first month of 2019 to $503.1 billion, deeper than in December when they fell 0.2%. New orders for manufactured durable goods increased by 0.3% to $255.3 billion, the report showed, marking a three-month growth streak. The positive trend was underpinned by transportation equipment's rise of 1.2% to $91 billion.

Shipments of manufactured durable goods were 0.5% lower, totaling $257.9 billion for the last reported month, in contrast with the 0.7% expansion in December. There were 0.2% less nondurable goods shipped in January, at $245.2 billion. Meanwhile, inventories of durable goods added 0.5% to reach $417.2 billion in the first month of 2019.

Breaking the News / NI