The new requests for manufactured products in the United States fell in June because the orders for commercial aircraft collapsed, reversing the increase in aircraft orders that had promoted the general rebound of orders in the previous month.
Factory orders fell 4.8% after a revised increase in 8.3% increase in May, the Office of the Census of the Department of Commerce said Monday. The economists surveyed by Reuters had predicted that factory orders would decrease 4.8% after an increase of 8.2% previously informed in May. Orders increased 3.8% year -on -year in June.
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US factory orders fall abruptly in June due to the fall in aircraft orders
The manufacturing, which represents 10.2% of the economy, remains limited by the aggressive tariffs of President Donald Trump about imported goods. A survey of the Supply Management Institute showed on Friday that his measure of the United States manufacturing activity fell to a minimum of nine months in July.
Trump sees tariffs as a tool to increase income to compensate for their promised tax cuts and relive an industrial base in decline for a long time, a feat that economists argued that it was impossible in the short term due to the shortage of labor and other structural problems.
With Reuters information.
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