Investing.com – U.S. factory orders declined more-than-expected in August, official data showed on Tuesday.
In a report, the U.S. Census Bureau said factory orders declined by a seasonally adjusted 0.2% in August, worse than the expected drop of 0.1%.
The previous month’s figure was revised down to a 2.1% gain from a previously reported 2.4% increase.
Following the release of the data, the U.S. dollar was fractionally lower against the euro, with EUR/USD adding 0.06% to trade at 1.3184.
Meanwhile, U.S. stock markets were sharply lower after the open. The Dow Jones Industrial Average tumbled 2.15%, the S&P 500 index plunged 2.1%, while the Nasdaq Composite index fell 1.65%.
In a report, the U.S. Census Bureau said factory orders declined by a seasonally adjusted 0.2% in August, worse than the expected drop of 0.1%.
The previous month’s figure was revised down to a 2.1% gain from a previously reported 2.4% increase.
Following the release of the data, the U.S. dollar was fractionally lower against the euro, with EUR/USD adding 0.06% to trade at 1.3184.
Meanwhile, U.S. stock markets were sharply lower after the open. The Dow Jones Industrial Average tumbled 2.15%, the S&P 500 index plunged 2.1%, while the Nasdaq Composite index fell 1.65%.