Investment

Factory orders increased by 1.7% in May compared to the expected 1.5%


  • US factory orders rose more than expected in May.
  • The US dollar index settled near 92.50 after the data.

Data released by the U.S. Census on Friday showed new orders for goods Manufacturers – factory orders – in the US in May rose by 8.1 billion, ie 1.7%, to 495.5 billion USD. This reading followed the April contraction of 0.1% and came just above Expectation Sell ​​an increase of 1.5%.

“Shipments – which have also increased by 12 in the last 13 months – have increased by $ 3.3 billion, or 0.7%, to $ 490.4 billion. The ratio of orders to unfulfilled shipments was 6.95, compared to 6.88 in April, “the paper states.

market response

This report was largely ignored and seen by market participants dollar index The American traded at 92.52 that day.

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