- US: Factory Orders rise 0.3% in May vs. 0.8% expected
Market news
5 July 2023
US: Factory Orders rise 0.3% in May vs. 0.8% expected
- 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.
Market reaction
The US Dollar Index stays in its daily range near 103.00 after this report.
Market Focus
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