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.

Eren Sengezer FXStreet

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.

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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