By Xavier Fontdegloria
Manufacturing orders in the U.S. rose in April, though at slower pace than in March, amid strong demand for goods and persisting supply-chain headwinds.
New orders for manufactured goods rose 0.3% in April on month, the Commerce Department said Thursday, easing from the 1.8% rise registered in March.
Economists polled by The Wall Street Journal expected factory orders to rise by 0.6% on month in April.
New orders for manufactured durable goods increased 0.5% in April after advancing 0.7% in March, the data showed.
The U.S. factory sector has been resilient due to red-hot demand for goods. However, heightened uncertainty, supply-chain disruptions, labor shortages and consumers’ shift in spending patterns toward services pose risks to the outlook.
Write to Xavier Fontdegloria at [email protected]
