Home / Market Update / US Factory Orders Rise Slightly Above Expectations

US Factory Orders Rise Slightly Above Expectations

According to US Census Bureau data, US Factory Order rose by 1.6% MoM in November. That was slightly above the expected 1.5% gain and marked an acceleration on the 1.2% MoM gain seen back in October (which was revised up from 1.0%).

Excluding transportation, orders were up 0.8% on the month, though this marked a deceleration from last month’s MoM growth rate of 1.5% (which was revised down from 1.6%.

The Factory orders released by the US Census Bureau is a measure of the total orders of durable and non-durable goods such as shipments (sales), inventories and orders at the manufacturing level which can offer insight into inflation and growth in the manufacturing sector. Normally, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

Check Also

RBA

RBA Holds Rates Steady, Signals Prolonged Tight Monetary Policy Amid Persistent Inflation

The Reserve Bank of Australia (RBA) maintained its benchmark interest rate at 4.35% on Tuesday, …