U.S. factory orders rise 0.9% in July after two months of declines
U.S. factory orders rose 0.9% in July to $663.6 billion, exceeding expectations, after two months of declines, the Census Bureau said Wednesday. Orders were $657.8 billion in June.
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U.S. factory orders rose 0.9% in July to $663.6 billion, exceeding expectations, after two months of declines, the Census Bureau said Wednesday. Orders were $657.8 billion in June.
Summary - The overall reaction to a weaker than expect June jobs report was relatively muted. Yields ticked lower led by the short end after total payrolls missed estimates convincingly with the prior two months jobs growth revised net negative. The Household survey was even worse than the Establishment Survey, with a