Investing.com – New orders for U.S. manufactured goods fell more-than-expected in August, official data showed on Monday.
In a report, the Census Bureau said that new orders for manufactured good declined by a seasonally adjusted 0.5% in August, after increasing by 0.5% in July, whose figure was revised up from a 0.1% decline.
Analysts had expected new orders to decline 0.4% in August.
The report said that excluding transport, new orders increased 0.9% in August. Transportation equipment, down following two consecutive monthly increases, had the largest decrease, falling USD 3.1 billion or 5.8% to USD 49.5 billion.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.63% to hit 1.3805.
Meanwhile, U.S. indices were mixed following the release of the data: the Dow Jones Industrial Average was up 0.03%, the S&P 500 index declined 0.12% and the Nasdaq Composite index was down 0.34%.
In a report, the Census Bureau said that new orders for manufactured good declined by a seasonally adjusted 0.5% in August, after increasing by 0.5% in July, whose figure was revised up from a 0.1% decline.
Analysts had expected new orders to decline 0.4% in August.
The report said that excluding transport, new orders increased 0.9% in August. Transportation equipment, down following two consecutive monthly increases, had the largest decrease, falling USD 3.1 billion or 5.8% to USD 49.5 billion.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.63% to hit 1.3805.
Meanwhile, U.S. indices were mixed following the release of the data: the Dow Jones Industrial Average was up 0.03%, the S&P 500 index declined 0.12% and the Nasdaq Composite index was down 0.34%.