BREAKING: US Factory Orders Lowest since 1957

US Factory Orders recorded a double-digit drop, however worse than expected reading did not caused any significant marker reaction.

 

New orders for US-manufactured goods shrank 10.3% from a month earlier in March of 2020, following a revised 0.1 % decline in March and worse market expectations of a 9.4 % fall. 

Factory orders ex transport -3.7% vs -0.9% prior
Durable goods revisions:
Orders -14.7% vs 14.4% exp (prelim -14.4%)
Lowest ever (since 1992)
Ex transport -0.4% vs -0.2% exp
Capital goods orders non-defense ex-air -0.1% vs +0.1% exp
Capital goods shipments non-defense ex-air -0.2% vs -0.2% prelim

EUR/USD  -  publication of today's report did not have a significant impact on the EURUSD, which  continues its sideways movement. S&P 500 trades slightly higher. Source:xStation5

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