partlycloudy
Tuesday June 30th, 2015 5:30PM

US factory orders up record 10.5 percent in July

By The Associated Press
WASHINGTON (AP) -- Business orders for U.S. factory goods shot up by a record amount in July, reflecting a surge in demand in the volatile category of commercial aircraft.<br /> <br /> But outside of transportation, orders actually fell slightly during the month although the setback was expected to be temporary.<br /> <br /> Factory orders rose 10.5 percent in July, the biggest one-month increase on records going back to 1992, the Commerce Department reported Wednesday. Orders for civilian jetliners rose four-fold. But excluding transportation, orders edged down 0.8 percent and a key category that serves as a proxy for business investment plans fell 0.7 percent.<br /> <br /> Manufacturing has been a source of strength this year, helped by robust demand for new cars, other consumer items and business equipment. Economists expect that strength to continue.<br /> <br /> The report showed that durable goods, items expected to last at least three years, were up 22.6 percent in July, unchanged from the estimate in a preliminary report last week. Orders for nondurable goods such as paper, chemicals and food were down 0.9 percent in July after a 0.4 percent increase in June.<br /> <br /> In addition to the surge in demand for airplanes, orders for motor vehicles and parts rose 7.3 percent, reflecting continued strong consumer demand for new cars and trucks.<br /> <br /> But there was slippage in other areas. Orders for primary metals such as steel fell 0.3 percent, demand for machinery was down 1.2 percent and orders for computers and other electronics products fell 14.7 percent.<br /> <br /> Despite this weakness, most economists expect that manufacturing production will provide solid support for economic growth in the second half of this year.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 5 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 5 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 5 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 5 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 5 months ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 5 months ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 5 months ago )
Local/State News
Same-sex marriage fight turns to clerks who refuse licenses
MOREHEAD, Ky. (AP) — Rowan County Clerk Kim Davis shut her blinds at work Tuesday morning to block the view of rainbow-clad protesters outside. They carried flowers and flags and signs saying "you don...
5:25PM ( 5 minutes ago )
US stocks edge higher as investors follow Greek debt talks
NEW YORK (AP) — The U.S. stock market stabilized on Tuesday as investors followed the latest developments in the Greek debt saga.Stocks edged higher a day after the market had its worst day of the yea...
5:04PM ( 26 minutes ago )
Oklahoma court: Ten Commandments monument must come down
OKLAHOMA CITY (AP) — A Ten Commandments monument on the Oklahoma Capitol grounds is a religious symbol and must be removed because it violates the state's constitutional ban on using public property t...
4:04PM ( 1 hour ago )
Christie promises blunt campaign as he enters 2016 contest
LIVINGSTON, N.J. (AP) — A tough-talking New Jersey Gov. Chris Christie launched his 2016 campaign for president Tuesday with a promise to tell voters the truth even if it makes them cringe.The Republi...
3:46PM ( 1 hour ago )
O say can you breathe? Fireworks pollute air, study says
NEW YORK (AP) — July Fourth fireworks fill the skies across the nation with more than sparkling bursts of color. They spew pollution, too.A study of 315 locations around the country found that the hol...
2:18PM ( 3 hours ago )