BIG MISS: Factory Orders Fall 0.5%

Factory Pollution

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UPDATE:Orders for factory goods declined 0.5 per cent in June, missing economist expectations for a moderate gain, new data out of the Census Bureau shows

New orders fell $2.1 billion to a $465.8 billion.

Transportation orders continued to support the economy, improving $5.1 billion, or 8 per cent, to $68.7 billion.

Electronic sales dipped during the month, as orders for computers fell more than 11.8 per cent month-on-month. 


Minutes away from the final major data point of the day: U.S. factory orders.

Economists polled by Bloomberg forecast orders increased 0.5 per cent in June.

That would be a slightly slower pace than the 0.7 per cent advance logged in May.

The announcement is scheduled for 10:00 a.m.

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