US factory orders for June 2.3% versus 2.2% expected

<ul><li>Prior month 0.3%</li><li>Factory orders 2.3% versus 2.2% expected. Best since June 2021</li><li>Ex transportation 0.2% versus -0.4%</li><li>Orders are up 6 of the last 7 months</li><li>Shipments of factory orders rose by 0.1%</li><li>Unfilled orders of factory orders increase by 1.8%</li><li>Inventories of factory orders was unchanged</li></ul><p>Revisions to durable goods – a component of factory orders showed:</p><ul><li>Durable goods orders 4.6% vs 4.7% preliminary. Best since mid-2020</li><li>Durable goods Ex Defense 6.0% versus 6.2% preliminary</li><li>Durable goods ex Transport 0.5% versus 0.6% preliminary</li><li>Nondefense capital goods orders ex air 0.1% versus 0.2% preliminary (proxy for capital investments by businesses)</li><li>Shipments of manufactured durable goods increased by 0.2% versus 2.0% last month</li><li>Unfilled orders of durable goods rose by 1.8% versus 0.8% in May with transportation equipment leading the gain with a rise of 2.9%</li><li>Inventories of durable goods up 6 last 7 months increase by 0.1% versus +0.2% last month.</li></ul><p>The preliminary durable goods orders were released around 10 days ago.</p><p>Overall better data from the US factories. For the full report <a href="file:/C%3A/Users/Gregm/Dropbox/My%20PC%20(DESKTOP-DHI1A3S)/Downloads/s-i-o%20(7).pdf" target="_blank" rel="nofollow">CLICK HERE</a></p>

This article was written by Greg Michalowski at www.forexlive.com.