Photo: Library Of Congress
ORIGINAL POST: Top datapoint of the day: May Factory Orders.Analysts expect growth of 0.1%, an improvement from a decline of 0.6% in the month before.
We’ll have the number here LIVE at 10:00 AM ET.
UPDATE: Good number!
Factory orders surged 0.7% in the month.
That’s well past expectations of a 0.1% gain.
Last month was revised down a hair from -0.6% to -0.7%, but that doesn’t take much away from a good number.
Excluding transportation, there was a gain of 0.4%.