US: FACTORY ORDERS RISE 0.3% IN MAY VS. 0.8% EXPECTED... dari ia7145

07 Jul 2023, 16:53 · Views 59

Factory Orders in the US rose less than expected in May.
US Dollar Index continues to fluctuate near 103.00.

The data published by the US Census Bureau revealed on Wednesday that new orders for manufactured goods, Factory Orders, increased $1.6 billion, or 0.3%, to $578 billion in May. This print followed April's increase of 0.3% and came in worse than the market expectation for an increase of 0.8%.

"New orders for manufactured durable goods in May, up three consecutive months, increased $5.0 billion, or 1.8%, to $288.4 billion, up from the previously published 1.7%," the publication further read.

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