US Factory Orders MoM (Oct) M/M -1.3% vs. Exp. -1.2% (Prev. 0.2%)
Newsquawk Staff ·
US Factory Orders MoM (Oct) M/M -1.3% vs. Exp. -1.2% (Prev. 0.2%)
What it means
US Factory Orders for October came in at -1.3%, slightly missing expectations of -1.2% and marking a significant decline from the previous month's growth of 0.2%. This data suggests a potential softening in manufacturing activity, which may have implications for economic growth forecasts and could influence monetary policy discussion going forward.
- US Factory Orders ex Transportation (Sep) 1.3% vs. Exp. 0.5% (Prev. 0.4%)
- US Factory Orders (Sep MM) 1.8% vs. Exp. 1.2% (Prev. 0.1%)
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