Factory Orders Decline 0.8% in June - Emil Estafanous, CPA, CFF, CGMA

Updated:
8/3/2011 10:30:00 AM

Factory orders decreased 0.8% in June, the Commerce Department said Wednesday.

The decline followed a revised 0.6% gain in May that was smaller than originally reported.

The June reading matched economistsâ€™ forecasts, Bloomberg reported.

Durable goods orders, which make up just over half of all orders, fell 1.9%.

Capital goods orders excluding aircraft and military orders, a measure of future business investment, rose 0.4% following a 1.9% increase in May.

The trucking industry relies on factory orders and shipments for much of its business.