Reported about 13 hours ago
In May, US factory orders experienced a significant rebound of 8.2% following a revised 3.9% decline in April, driven largely by robust demand for aircraft. The increase in orders reflects strong business spending on equipment, although concerns over trade policies persist among manufacturers due to aggressive tariffs. Notably, commercial aircraft orders soared by 230.8%, attributed to a major deal with Qatar Airways. Overall, the manufacturing sector is showing signs of recovery, despite facing ongoing challenges.
Source: YAHOO