US Factory Orders Rebounded In May

US Factory Orders Rebounded In May

After a disappointing and surprising drop in April (initially down 0.6% MoM but upwardly revised to a 0.1% drop), US Factory Orders rebounded strongly in May (up 1.7% MoM)…

Source: Bloomberg

Core factory orders also rose (up 0.7% MoM) but that pace was slowed than April 1.0% MoM rise.

The Final May Durables Goods Orders print confirmed the flash print at a solid 2.3% MoM gain.

Another Goldilocks-ish number.

 

Tyler Durden
Fri, 07/02/2021 – 10:08

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