(CercleFinance.com) – Industrial orders rose for the eleventh time in 12 months in the United States in April, a statistic that confirms the resilience of the manufacturing sector in the face of inflationary pressures.
The Commerce Department reported on Thursday a 0.3% increase in new orders for manufactured goods in April after a revised increase of 1.8% in March.
Economists, however, expected a sharper increase in the statistics, around 0.7%.
The increase reached 12.5% over one year.
Capital goods orders were lifted last month by strength in mining, oil and gas equipment (+11.9%), heating and air conditioning systems (+10.2%) and boats and ships (+11.1%).
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