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U.S. factory orders down 2.4 percent in July

05 September 2013 17:54 (UTC +04:00)

Baku-APA. New orders for U.S. manufactured goods declined in July after three consecutive monthly increases, casting shadow over the manufacturing sector, the U.S. Department of Commerce reported on Thursday, APA reports quoting XInhua.

U.S. factory orders dropped 12 billion U.S. dollars, or 2.4 percent, to a seasonally adjusted 485 billion dollars in July. It followed a 1.6 percent gain in the previous month.

New orders for durable goods, big-ticket items expected to last at least three years such as computers, cars and machinery, decreased 18.1 billion dollars, or 7.4 percent, to 226.3 billion dollars in July.

New orders for nondurable goods, including food, paper products, petroleum and coal products, advanced 2.4 percent to 258.8 billion dollars.

A separate report on Tuesday showed that the U.S. manufacturing sector grew at its fastest pace in more than two years in August as new orders rose.