U.S. Factory Orders Fell 0.5% In August
(For August 2010)
U.S. factory orders fell 0.5% in August. The consensus was at -0.3%, prior reading was at 0.1%.
Factory shipments fell 0.6%, July reading was at 1.2%.
We have gap in the making between orders and shipments.
Chart 1. U.S. Manufacturers New Orders & Shipments