Factory orders in the USA increased for the third month
Factory orders in the USA increased more than expected in May.
According to data from the US Department of Commerce, orders increased by 0.7 percent in April. The expectation of economists participating in Bloomberg’s survey was a 0.6 percent increase.
Thus, orders continued their increase streak in the 3rd month. Orders excluding transportation also exceeded estimates of 0.7 percent to 0.5 percent.
The ISM manufacturing PMI index, announced yesterday, decreased from 49.2 to 48.7 in May.
Again, according to the data announced today, durable goods orders data for April was revised from 0.7 percent to 0.6 percent.