Durable Goods Orders Rise in July
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America's factories saw orders for costly manufactured goods in July post the biggest gain in four months, an encouraging sign that the economy is emerging from an early summer funk.
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Stocks gained on Tuesday as data showing a higher-than-expected rise in orders of durable goods last month eased some economic worries, helping shares of major manufacturers.
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WASHINGTON : Roaring demand for civilian planes added thrust to the US manufacturing sector in July, government figures showed, an encouraging sign for factories.
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July factory orders rose the most in four months, exceeding forecasts, and productivity gains slowed last quarter.
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WASHINGTON Aug. 25, 2004 - America&#39;s factories saw orders for costly manufactured goods in July post the biggest gain in four months, an encouraging sign that the economy is emerging from an early summer funk.
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Orders for US durable goods fell unexpectedly in August but beat forecasts once transportation equipment was stripped out, government data showed on Friday in evidence the economy is again pumping strongly.
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Roaring demand for civilian planes added thrust to the US manufacturing sector in July, government figures showed, an encouraging sign for factories.
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New orders for long-lasting  U.S.-made manufactured goods surged a much bigger-than-expected  5.9 percent in July, the biggest gain since September, and a  business investment gauge posted the first gain in three  months, a Commerce Department report showed on Friday.
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Orders for U.S. durable goods --  items meant to last at least three years -- posted a  larger-than-expected rise in July, boosted by an increase in  demand for passenger aircraft, a Commerce Department report on  Wednesday showed.
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Businesses saw inventories rise in July as sales picked up, the government reported Wednesday.
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U.S. consumers spent heartily in  July on goods ranging from cars to electronics as sales at  retail stores rose a greater-than-expected 1.4 percent, a  government report on Friday showed.
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Orders for durable goods including computers and communications equipment rose last month by the most since March, evidence that US manufacturing is gaining momentum less than two months before the presidential election.
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Companies in Germany's key manufacturing sector saw a rebound in orders in July, buoyed by strong demand for German-made goods both at home and abroad, official data showed.
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THE Standard &amp; Poor&#39;s 500 Index rose as a government report showed factory orders for items such as computers and electronics climbed last month, suggesting strength in manufacturing.
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Orders for U.S. durable goods fell  unexpectedly in August but beat forecasts once transportation  equipment was stripped out, government data showed on Friday in  evidence the economy is again pumping strongly.
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New orders for U.S.-made durable  goods excluding the volatile transportation sector rose more  than expected in July and the number of workers seeking jobless  benefits fell slightly last week, government reports showed on  Thursday.
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The Commerce Department said consumer spending rose by 0.4 percent in July, double the June increase. The spending was supported by a solid 0.5 percent rise in incomes.