US: Factory Orders rise by 1.2% in August vs. 0.9% expected

  • Factory Orders in US rose more than expected in August.
  • US Dollar Index stays in the negative territory near 93.70.

New orders for manufactured goods, Factory Orders, in the US rose by $6.2 billion, or 1.2%, to $515.7 billion in August, the data published by the US Census Bureau showed on Monday. This reading followed July's expansion of 0.4% and came in better than the market expectation for an increase of 0.9%.

"Shipments, also up fifteen of the last sixteen months, increased $0.3 billion, or 0.1%, to $508.3 billion," the publication further read. "Unfilled orders, up seven consecutive months, increased $11.9 billion, or 1.0%, to $1,239.4 billion."

Market reaction

The US Dollar Index showed no immediate reaction to this report and was last seen losing 0.35% on a daily basis at 93.75.

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