US factory orders down in June
Orders drop 4.8% month-on-month, less than forecasts

ISTANBUL
US factory orders fell 4.8% month-on-month in June, less than market expectations, according to official data released Monday.
The value of orders in June totaled $611.7 billion in June, US Census Bureau data showed.
The May figure for factory orders was revised upward to 8.3% from 8.2%.
The expectation for June was a month-on-month decline of 4.9%.
Shipments, up for the two previous months, rose $2.9 billion, or 0.5%, to $602.4 billion.
Unfilled orders, up 11 of the last 12 months, climbed $14.3 billion in June, or 1%, to $1.47 trillion.
Inventories, up eight of the last nine months, increased $1.6 billion, or 0.2%, to $945.6 billion.
Meanwhile, the inventories-to-shipments ratio was unchanged from May, at 1.57.
Factory orders are important for shedding light on the near future performance of the industrial sector – an important spot in the US economy.
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