07/03/18: The U.S. Department of Commerce reported today that new orders for goods produced at U.S. factories (“factory orders”) rose during May, the latest month for which data are available, by the biggest percentage increase since June 2017, increasing by 9.2%, as compared to the same month a year ago.

U.S. Factory-Orders-(05-18)

U.S. Auto Sales Rebound during June

Separately, Autodata Corporation reported that sales of automobiles in the United States rebounded during June, after decreasing during each of the prior two months, increasing by 3.9%, as compared to the prior month.

U.S. Auto-Sales-(06-18)

The economic developments mentioned above indicate that the U.S. economy is continuing to expand at a healthy pace.