WASHINGTON, Aug 2 (Reuters) – New purchases for U.S.-made goods rose less than expected in June and unfilled orders continued to shrink, pointing to consistent weakness in the production sector. Factory goods orders increased 0.6%, boosted by demand for equipment and transportation equipment, the Business Department said on Friday. Data for May was revised right down to show factory orders falling 1.3% instead of dropping 0.7% as previously reported.
Economists polled by Reuters got forecast factory purchases would rise 0.8% in June. Shipments of produced goods increased 0.4% in June after edging up 0.1% in May. Unfilled purchases at factories lowered 0.7% after declining 0.8% in-may. Inventories rose 0.2% following the same gain in May. The problems in manufacturing and accompanying poor business investment have caught the attention of Federal Reserve officials. The U.S. central loan company on Wednesday cut interest rates for the first time since 2008 to make sure against downside dangers to the overall economy from trade tensions and slowing global development. Manufacturing, which accounts for more than 12% of the U.S.
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Transportation equipment purchases rebounded 3.7% in June after dropping 7.5% in-may. Orders for civilian aeroplanes and parts soared 75.1% after tumbling 52.0% in-may. The surge in airplane orders may very well be short-lived as Boeing has cut creation and deliveries of its bestselling MAX 737 aircraft, which was grounded in March after two fatal plane accidents in Indonesia and Ethiopia. Machinery orders jumped 2.1% after edging up 0.1% in-may. The Business Department also said June orders for non-defense capital goods excluding airplane, which have emerged as a measure of business spending programs on equipment, increased 1.5% instead of the 1.9% surge reported last month. Shipments of core capital goods, which are accustomed to estimate business equipment spending in the gross domestic product report, rose 0.3% in June rather than 0.6% as previously reported.
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Do you ever hear a deeper calling to step out and make a direct effect in this world? Perhaps you have created your own business because you understand you want to make a difference? Are you living your daily life purpose in some real way? In the event that you answered YES to these questions, then you’re not alone. Six million people start a business every year, lots of them based in a true desire to change the world. Unfortunately, many of these well-intentioned businesses (and purposes!) fail.
It doesn’t have to be that way! It often comes down to understanding some of the truths that you need to learn when you venture into the world of business. Here are 5 truths that I’ve discovered as I’ve created a successful purpose-driven business and helped thousands of people do the same!
One of the gifts of owning your own business is that you learn how to be economically empowered and how to invest in yourself while creating a high come back on that investment. As a business owner, if you live in this disempowered state-of-mind, you’ll never succeed. You need to see profit a bigger way and spend money on your growth and education. One of the most common questions I get from clients is this: “Do you think my idea is sensible, with all this crazy economy?