Orders for US big-ticket factory goods surge 15.8% in May Orders to American factories for big-ticket goods rebounded last month from a disastrous April and March as the U.S. economy began to slowly reopenWASHINGTON -- Orders to American factories for big-ticket goods rebounded last month from a disastrous April and March as the U.S. economy began to slowly reopen. The Commerce Department said that orders for manufactured goods meant to last at least three years shot up 15.8% in May after plunging 18.1% in April and 16.7% in March. A category that tracks business investment — orders for nondefense capital goods excluding aircraft — rose 2.3% after dropping 6.5% in April. Excluding the transportation sector, which bounces around from month to month, durable goods orders rose a more modest 4%. New orders for cars and auto parts surged 27.5% last month after falling 53.7% in April and 19.5% in March.

Source: ABC News June 25, 2020 12:31 UTC