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.
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.
