US: Factory Orders rise 1.6% MoM in November versus 1.5% expected gain

US Factory Orders rose 1.6% in November, slightly above expected.
There was no FX market reaction to the data.

Joel Frank Independent Analyst

According to US Census Bureau data, US Factory Order rose by 1.6% MoM in November. That was slightly above the expected 1.5% gain and marked an acceleration on the 1.2% MoM gain seen back in October (which was revised up from 1.0%). Excluding transportation, orders were up 0.8% on the month, though this marked a deceleration from last month's MoM growth rate of 1.5% (which was revised down from 1.6%.

Market Reaction

There was no FX market reaction to the latest factory orders figures.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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