US: Factory Orders increase by 6.2% in June vs. 5% expected
- Factory Orders in US rose more than expected in June.
- USD preserves its strength against its major rivals after the data.
New orders for manufactured goods, Factory Orders, in the US rose by $25.5 billion, or 6.2%, to $437.2 billion in June, the data published by the US Census Bureau showed on Thursday.
This reading followed May's increase of 7.7% (revised from 8%) and came in better than the market expectation of 5%.
"New orders for manufactured durable goods in June, up two consecutive months, increased $14.6 billion or 7.6% to $207.2 billion, up from the previously published 7.3% increase," the publication further read.
Market reaction
These figures don't seem to be having a significant impact on the USD's performance against its rivals. As of writing, the US Dollar Index was up 0.25% on the day at 93.74.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
