Afternoon Coffee: Demand for US Factory Goods Rises Unexpectedly, Ford Expands Operations in China

The number of new orders for US-made factory goods surprisingly rose in February 0.2%, according to a new report from the Commerce Department. Shipments of factory goods also increased last month.

Ford Motor Co. is the latest automaker to announce it will expand operations in China this year as a result of the increase demand for foreign-made cars in the country.

Mercedes-Benz and BMW on the other hand are investigating unauthorized exports of cars from the US to China.

The Census Bureau also said today it will issue its first “Advance Report U.S. International Trade in Goods” monthly report on July 30. The new report will offer “more timely statistics on exports and imports of goods.”

SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels

Share on Procurious

Discuss this:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.