New data Factory Orders MoM (Jun)
8/2/2024
actual -3.3, previous -0.5
The Factory Orders MoM (Month-over-Month) report for June in the United States indicates a significant decrease of 3.3%. This data represents the change in the total value of new purchase orders placed with manufacturers during the month of June compared to the previous month. The actual figure of -3.3% is lower than both the market estimate of -2.9% and the previous month's value of -0.5%.This report is considered to have a medium impact on the market, as it provides insights into the demand for manufactured goods, which can be indicative of overall economic activity and consumer sentiment. The larger-than-expected decrease of 3.3% may suggest a slowdown in manufacturing activity, which could potentially have implications for the broader economy, including employment levels and future economic growth.
This is not investment advice. Remember to verify the information provided here.
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