Economists surveyed by Dow Jones Newswires had forecast a 0.5% gain in factory goods in June.
In notable economic news this week, the Commerce Department announced that new orders for factory goods increased sharply in February.
In economic data, orders for factory goods rose in February, a hair short of expectations, on rising demand for machinery, computers and aircraft.
To help spot factory or commercial goods sellers, which Etsy calls "resellers, " it uses a software program called SCRAM, which can identify problem sellers by predicting the rate and sequence by which they set up their shops.
Harris, who is also an author of the China Law Blog says American companies will have to perform better due diligence, including checking out potential suppliers before doing business with them, examining goods before they leave the factory and getting solid contracts in writing.
It also means that spare pallets take the most economical route from a retailer's loading dock back to a warehouse or factory that is shipping out goods.
Coach has shifted toward more factory stores, which sell goods at lower prices than traditional locations, and introduced coupons to match an increased in promotion among retailers.
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Freer trade makes it much easier for companies to move to low-tax locations (it is not much good relocating your factory to Hungary if your goods face a 50% tariff going back to the home country).
It's also boosting factory output of housing-related goods, such as lumber.
Ten years ago, Tramco opened a factory in Hull, England, to ship goods tariff-free to Europe.
In return for Nicaraguan agricultural goods, Iran is to help fund a farm equipment factory, 4, 000 tractors, five milk-processing plants, a health clinic, 10, 000 houses and a deep-water port.
It is the same story in manufacturing, For time-insensitive goods and long production runs, China is still the clear winner for global factory relocation.
They had factory reps flying from overseas to their corporate offices and showing them their goods.
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Such subcontracting, and the increasing role of middlemen, have made it easier for retailers to lose track of which factories are producing their goods and, many critics say, to avoid taking responsibility for poor factory conditions.
And industrial production and factory use levels are gaining, retail activity is perking up, and durable goods orders are rising, says Value Line.
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Yet the most recent factory orders report showed a 1.4% decline in May, and durable goods orders slipped 1.1%.
In the U.S., mixed in with the still mostly positive economic reports in the headlines have been reports that Durable Goods Orders unexpectedly fell 4.0% in January after rising 3.2% in December, factory orders unexpectedly fell in January, as did construction spending, while the ISM Mfg Index unexpectedly declined in February.
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On the economic front, U.S. factory orders rose for the first time in three months in November on stronger demand for aircraft and other goods.
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