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.