New orders for U.S. manufactured goods showed a significant increase in the month of June, according to a report released by the Commerce Department on Wednesday.
The report showed factory orders shot up by 2.0 percent in June after surging by an upwardly revised 1.8 percent in May.
Economists had expected factory orders to advance by 1.1 percent compared to the 1.6 percent jump originally reported for the previous month.
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August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.