US Factory Orders Rose More Than Expected In August
Following the mixed picture from ‘soft’ survey data on the manufacturing side of the US economy, analysts expected a further increase in factory orders in August and they were right. US factory orders rose 1.2% MoM in August (above the +1.0% expected and well above the 0.4% MoM in July, whoich was revised up to +0.7% MoM).
Ex-Transports, factory orders rose 0.5% MoM (also better than expected) and July data was upwardly revised to +0.9% MoM.
The final data for durable goods orders was unchanged from the flash data released earlier in the month.
We do not that this data is very lagged – from August – before things went just a little bit turbo in September.
Mon, 10/04/2021 – 10:06