US May factory orders +2.1% vs +2.0% expected

  • Prior reading was +1.0% (revised to +1.3%)
  • Durable goods orders revised to +3.7% vs +3.6%
  • Nondefense cap orders ex-air revised to 1.5% from 1.1%

With the revisions, the numbers are slightly better than expected and might provide a slightly lift to the US dollar.

factory orders

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