6/5, 4:01 PM (Source: TeleTrader)
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US factory orders rise by 0.4% in April

Factory orders in the United States increased by 0.4% in April compared to the previous month and amounted to $577.5 billion, according to a report by the US Census Bureau on Monday. New orders for manufactured durable goods grew by 1.1% to $282.8 billion, while new orders for manufactured nondurable goods decreased by 0.1% to $294.7 billion.

Shipments were down 0.4% to $572.3 billion in April compared to March. Unfilled orders increased by 0.8% to $1,291.3 billion, with the unfilled orders-to-shipments ratio at 6.71, up from 6.60 in March. Inventories were down 0.5% to $856.7 billion and the inventories-to-shipments ratio was 1.50, up from 1.48 in March.

Baha Breaking News (BBN) / DJ