US Factory Orders Fall in December in Line with Expectations

Expected Decline in Factory Orders The U.S.
Department of Commerce has released factory order data for December.
According to the figures, factory orders in the United States decreased by 0.7% compared to the previous month.
This figure was in full alignment with market expectations.
The median estimate of economists surveyed by Bloomberg also predicted a 0.7% decline in orders.
Slowdown Following November Increase This decline in industrial demand follows a strong performance in November.
In November, factory orders had recorded a monthly increase of 2.7%.
The December data indicates that order traffic in the manufacturing sector lost momentum in the final month of the year.
Durable Goods Orders Data Data regarding durable goods orders for the same period was also announced.
Durable goods orders showed a decline of 1.4% in December.
Market analysts' expectations also pointed toward a 1.4% decrease in this category.
Consequently, both overall factory orders and durable goods orders closed the year with a decline, in line with economists' projections.