FXstreet.com (Barcelona) - New orders for manufactured goods have increased in the United States in May for their third consecutive month, although at a pace somewhat slower than in April, according to figures released by the US Commerce Department.
Manufacturers new orders have risen by 0.6% in May, to a total amount of to $448.7 billion, the largest level since data is recorded. May's increase follows a 1.3% rise posted in April, revised up from the 1.1% previously estimated.
New orders for durable goods have remained flat in May following two consecutive declines, while orders for non-durable goods have posted a 2.7% increase. Shipments have edged up 0.1%, and inventories have increased 0.4% the same increase as in the previous mnth.