US: Factory Orders increase by 8% in May vs. 8.9% expected

• Factory Orders in the US rose less than expected in May.
• US Dollar Index stays in the negative territory near 97.00.

New orders for manufactured goods, Factory Orders, in the US rose by $30.5 billion, or 8%, to $412.8 billion in May, the data published by the US Census Bureau showed on Thursday.

This reading followed April's decline of 13.5% and came in slightly worse than the market expectation for an increase of 8.9%.

Further details of the publication revealed that new orders for manufactured durable goods in May increased by $26.3 billion, or 15.7%, to $193.8 billion.

Market reaction

The US Dollar Index largely ignored this data and was last seen losing 0.18% on the day at 96.97.