The latest print on US factory orders is due at 10:00 a.m. ET.
Economists forecast that orders slowed down and fell 0.1% in April, according to Bloomberg.
In March, new orders for manufactured goods jumped 2.1%, the highest level in eight months. The gain was helped by an increase in demand for transportation equipment.
In a note ahead of the data, Nomura economists wrote, “Factory orders have been weak since late summer, as various factors such as the strong dollar, low oil prices, bad weather and the West Coast port disruptions have slowed business activity.”
“The decline in total durable goods orders in April sets a low baseline for factory orders.”
We’ll be back with the numbers when the cross.
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