Open Demo Account
Home / Market Update / US Factory Orders Above Expectations

US Factory Orders Above Expectations

Mohamed Abdelhamid 3 December, 2021 8:06 pm Market Update

According to US Census Bureau data, US Factory Order rose 1.0% MoM in October.

This reading is above the expected 0.5% gain and marked an acceleration on the 0.5% MoM gain seen back in September.

Excluding transportation, orders were up 1.6% on the month also marking an acceleration on September’s MoM growth rate of 0.7%.

Tags

Check Also

Oil Surges Over 2% as U.S.-Iran Forces Trade Fire Near Hormuz: Trump Calls Skirmish “Just a Love Tap”

Key Takeaways Crude jumps: Brent oil futures rose 2.1% to $103.37 per barrel, while WTI …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends