Factory Orders PLUNGE 5.2%, Better Than Expectations Of A 6% Drop

Michigan factory

Photo: Bill Pugliano/Getty Images

Factory orders fell 5.2 per cent in August, but came in better than analyst expectations of a 6 per cent fall.July’s reading was revised down to a 2.6 per cent gain, from 2.8 per cent.


Factory orders for August will be out at 10 a.m. ET.

Economists polled by Bloomberg expect factory orders to plunge 6 per cent month-over-month, after rising 2.8 per cent in July.

Investors watch this number because it offers more colour than the durable goods report.

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