Financial and Business News

The demand of long term goods higher in June

The demand for long term goods unexpectedly go up in June, which in turn is an indicator for better development of the industrial sector. Orders for durable goods are up by 0.8% in June to the middle for the season 215.43 U.S. dollars billion as reported by the Ministry of Labour, as the market expected decrease by 0.5% in June. Durable goods that are produced to last more than three years go up by 0.1% in May as previous data was that they were unchanged. Displayed data proved better than market expectations.
But since the beginning of the year, orders for durable goods have increased only three times, which indicates that the delay of economy influences of industry. Until now the demand for expensive goods were weak as it was supporting exports.
Contracts to produce goods mainly for production, which are a major indicator of business spending and do not include those for aviation and defense go up by 1.4% monthly base and 3.8 percent on yearly base.
The deliveries in June for industrial goods excluding those for aviation is lower by 0.7% after the May rose by 0.2%. Supplies are reported, as used in calculating the GDP of the country.
The demand for durable goods in the transport sector decreased by 2.6% in May after having increased by 1.9 percent. The trade aircraft orders rose by 25.1% and military aviation, they are lower by 8.6%.
Orders for motor vehicles and parts go up by 1.8% in June this appears to be looking for more cars to spend more efficiently the fuel themselves. On an annual basis the orders of cars is lower by 15.2%.
Orders for goods with long-term use without their transport rise with 2.0% in June as orders of machines go up by 2.3%, 5.1 for primary metals and 5.0% for electrical equipment and by 1.7% to fabrichnimetali.
Demand without the transport in May decreased 0.5%.

Labels: Business News

posted by Zoritza Petrova @ 10:59 PM