American factory orders head south 0.8% in May

American factory orders head south 0.8% in May

In May, US factory orders decreased 0.8% month-on-month, which is below the market consensus of a 0.5% decline, while shipments and core orders drop a hint at moderate improvements, as the research team at Nomura informed.

As follows from an advance report on durable goods orders, a great portion of the dip in headline factory orders was powered by a 3.0% sink in volatile transportation goods orders. Durable goods orders inched up 0.3% excluding this component. In addition to this, a proxy for real business equipment investment, core capital goods shipment was revised up to a 0.1% increase, implying steady progress in business investment.

Manufacturers’ inventories went down 0.1%, powered by a steep sag in petroleum as well as coal products inventories. Obviously, the given decrease might have taken place due to price effects because energy commodity prices have been moving lower in recent months.

 

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera