Same Economy Story: Factory Orders Beat Consensus

April factory orders up 1.1%, easily beating consensus of -0.1%. Although this hardly is indicative of a strong economy, it does continue the recent string of “better than expected” (or, less charitably, “not as bad as feared.”).

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at