US Factory and Durable Goods Orders Fall
Bloomberg 2026-07-02 14:45:11
Context: US factory orders experienced a decline in May, with durable goods orders also falling significantly. The decrease in factory orders was 1.3%, while durable goods orders dropped by 4.5%. This information was reported by Mike McKee on "Bloomberg Open Interest."
Key Facts
- US factory orders declined by 1.3% in May, indicating a contraction in manufacturing activity.
- Durable goods orders, a subset of factory orders, fell by 4.5% in May, suggesting a significant drop in demand for long-lasting goods.
- The data on factory and durable goods orders was reported by Mike McKee on the Bloomberg television program "Bloomberg Open Interest."