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Orders for U.S> manufactured goods rose 0.3% in May, the Commerce Department said Wednesday. This is the fifth gain in the past six months.
Economists surveyed by the Wall Street Journal were expecting a 0.6% rise.
Durable-goods orders rose a revised 1.8% in May. That data is released ahead of the full report. Non-durable goods orders fell 1.2%.
Transportation orders had the biggest gain. Factory orders excluding auto and planes were down 0.5%.
Orders excluding defense were up 0.8%.
Orders for nondefense capital goods, excluding aircraft, rose 0.7% in May, unrevised from the initial estimate. Shipments of this category were up 0.3%.
U.S. stocks
DJIA,
SPX,
were lower in early trading on Wednesday. The yield on the 10-year Treasury note
TMUBMUSD10Y,
rose to 3.88%.
