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3 Nov 2015
US factory orders to witness second consecutive fall – Lloyds Bank
FXStreet (Delhi) – Research Team at Lloyds Bank, suggest that the US factory orders for September are expected to show a second consecutive monthly fall, providing further evidence of weakening momentum towards the end of the quarter.
Key Quotes
“Durable goods orders, released last week, showed a monthly fall of 1.2% in September, admittedly pulled lower mostly by lumpy transport orders. Nevertheless, non-transport durable orders also contracted. Today’s factory orders report will include non-durable goods orders, which are expected to hold up rather better. Hence, overall we are looking for a small monthly decline of around 0.6% in total factory orders.”
Key Quotes
“Durable goods orders, released last week, showed a monthly fall of 1.2% in September, admittedly pulled lower mostly by lumpy transport orders. Nevertheless, non-transport durable orders also contracted. Today’s factory orders report will include non-durable goods orders, which are expected to hold up rather better. Hence, overall we are looking for a small monthly decline of around 0.6% in total factory orders.”