US factory orders rise below expectations

The US Department of Commerce released factory order data for May.

Accordingly, factory orders in the country increased by 0.3 percent in May compared to the previous month.

market expectations under Factory orders, which recorded an increase, were expected to increase by 0.8 percent in this period. Factory orders also increased by 0.3 percent in April.

In the said period, orders for durable goods increased by 1.8 percent, while orders for non-durable goods decreased by 1.2 percent.

Factory orders are important in terms of shedding light on the near future performance of the industrial sector, which has an important place in the US economy.