- US: Factory Orders rise by 0.9% in March vs. 0.8% expected
Market news
2 May 2023
US: Factory Orders rise by 0.9% in March vs. 0.8% expected
- Factory Orders in the US rose more than expected in March.
- US Dollar Index stays in positive territory above 102.00.
The data published by the US Census Bureau revealed on Tuesday that new orders for manufactured goods, Factory Orders, increased $4.9 billion, or by 0.9%, to $539 billion in March. This print followed February's decline of 1.1% and came in slightly better than the market expectation for an increase of 0.8%.
"New orders for manufactured durable goods in March, up following two consecutive monthly decreases, increased $8.5 billion or 3.2 percent to $276.2 billion, unchanged from the previously published increase," the publication further read.
Market reaction
The US Dollar Index clings to modest daily gains above 102.00 after this data.
Market Focus
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