Factory orders came right in line

Employees work along a production line at a factory of Dongfeng Nissan Passenger Vehicle Co. in Zhengzhou
Thomson Reuters

Factory orders came right in line.

The latest report from the Census Bureau showed that factory orders increased by 1.9% in April.

This was exactly what economists were expecting, according to the Bloomberg consensus.

Last month, factory orders rose by 1.1%, above economists’ expectations.

The latest report was also accompanied by revised data on durable goods. According to the Census, durable goods orders increased by 3.4%, in-line with last week’s preliminary data from the Department of Commerce.