US Factory Orders Rebounded In May
After a disappointing and surprising drop in April (initially down 0.6% MoM but upwardly revised to a 0.1% drop), US Factory Orders rebounded strongly in May (up 1.7% MoM)...
Source: Bloomberg
Core factory orders also rose (up 0.7% MoM) but that pace was slowed than April 1.0% MoM rise.
The Final May Durables Goods Orders print confirmed the flash print at a solid 2.3% MoM gain.
Another Goldilocks-ish number.
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Tyler Durden Fri, 07/02/2021 - 10:08