Investing.com - U.S. factory orders rose more-than-expected in May, while the previous month’s figure was revised higher, official data showed on Tuesday.
In a report, the U.S. Census Bureau said factory orders rose by a seasonally adjusted 2.1% in May, compared to expectations for an increase of 2%.
Factory orders in April rose by 1.3%, upwardly revised from a previously reported gain of 1%.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.45% to trade at 1.3004.
Meanwhile, U.S. stock markets remained higher. The Dow Jones Industrial Average rose 0.3%, the S&P 500 index added 0.4%, while the Nasdaq Composite index tacked on 0.4%.
In a report, the U.S. Census Bureau said factory orders rose by a seasonally adjusted 2.1% in May, compared to expectations for an increase of 2%.
Factory orders in April rose by 1.3%, upwardly revised from a previously reported gain of 1%.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.45% to trade at 1.3004.
Meanwhile, U.S. stock markets remained higher. The Dow Jones Industrial Average rose 0.3%, the S&P 500 index added 0.4%, while the Nasdaq Composite index tacked on 0.4%.