Factory orders lower than expected
Factory orders rose for a second consecutive month in the United States in December, but the figure missed market consensus. The total orders for durable goods were unrevised from a previous figure.
Factory orders m/m was up 1.1%, but lower than consensus for 1.5%, and lower than November’s reading of 1.8%. Durable goods orders were unchanged at 3.0% from a previous estimate.
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