Orders for factory goods are expected to show a rise in June, fueled by renewed demand for Boeing aircraft. Excluding the volatile transportation sector, the number is expected to be almost flat.
Growth in many key manufacturing sectors has slowed as the economic recovery lost steam this summer.
Economists surveyed by Thomson Reuters expect orders for durable goods to rise by 1.0 percent. The Commerce Department will release the report at 8:30 a.m. EDT on Wednesday.
The increase in demand would follow May's decline of 0.6 percent. May orders were lower because orders for commercial aircraft like Boeing's dropped of sharply.
Excluding …
No comments:
Post a Comment