
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
In January, new orders for American goods shot up less than anticipated, tamed by dives in orders for computers as well as electronic products, which is another sign of decelerating manufacturing activity.
As a matter of fact, factory goods orders rallied by 0.1% because demand for primary metals along with fabricated metal products shrank. It followed December’s unrevised 0.1% leap.
Financial analysts had hoped factory orders would soar by 0.3% in January. Eventually, factory orders jumped by 3.8% in contrast with January last year.
The publication of the report was postponed by a 35-day shutdown of the federal cabinet, which concluded on January 25.
Last Friday’s reports revealed that manufacturing output went down for a second month in a row in February, while factory activity in New York state reached an almost two-year minimum in March.
Manufacturing, accounting for 12% percent of the American economy, is actually losing momentum because the stimulus from the previous year's $1.5 trillion tax trim package recedes. Activity is also being affected by a trade conflict between China and America and also by the previous year's leap in the evergreen buck and softening global economic surge, affecting exports.
In January, orders for machinery went up by 1.5% having dived by 0.4% in December. As for orders for oil field, gas field machinery, and mining, they dived by 2.7% having decreased by 8.2% in December.
Orders for electrical equipment, components, and appliances bounced off 1.4% having declined by 0.3% in December. Electronic products and computers went down by 0.9% having slipped by 0.4% in December.
As for orders for primary metals, they shrank by 2%, while fabricated metal products orders lost 0.6%. Additionally, transportation equipment orders rallied by 1.2% in January, decelerating from the previous month’s 3.2% surge.
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.