Open Demo Account
Home / Market Update / US Factory Orders Rise More than Expected

US Factory Orders Rise More than Expected

M. Ali 2 September, 2020 7:31 pm Market Update

New factory orders in the United States rose by more than expected in July, according to data by the US Department of Commerce.

Factory orders increased by 6.4% in July, while a recent poll by Reuters forecast a growth of 6%.

The indicator signals a strong recovery from the coronavirus (COVID-19) pandemic.

Tags

Check Also

Trump’s Ukraine Diplomacy: Short-Term Oil Surge Masks Long-Term Risks

Oil prices climbed 1% on Monday, reflecting investor optimism around U.S. President Donald Trump’s meeting …

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