US: Factory Orders decline by 1.6% in January vs. -1.8% expected

Factory Orders in the US declined slightly less than expected in January.
US Dollar Index stays in negative territory below 104.50.

Eren Sengezer FXStreet

The data published by the US Census Bureau revealed on Monday that new orders for manufactured goods, Factory Orders, decreased $8.9 billion, or by 1.6%, in January to $542.8 billion. This print followed December's increase of 1.7% and came in slightly better than the market expectation for a decline of 1.8%.

"New orders for manufactured durable goods in January, down two of the last three months, decreased $12.8 billion, or 4.5%, to $272.4 billion, unchanged from the previously published decrease," the publication further read.

Market reaction

The US Dollar Index stays under modest bearish pressure and was last seen losing 0.25% on a daily basis at 104.27.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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