US Factory Orders Rose More Than Expected In August

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).

Source: Bloomberg

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.

Tyler Durden
Mon, 10/04/2021 – 10:06

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