U.S. Industrial Orders Rebound with a 5% Increase in July

In July 2024, U.S. industrial orders rose by 5%, marking a $28.2 billion increase to reach $592.1 billion. This growth reversed the 3.3% decline seen in June, aligning with analysts’ expectations. However, the increase varied across sectors. Excluding transportation, orders grew by just 0.4%, whereas excluding defense, they rose by 5.1%. Despite the rise in […]