Prior -0.2%; revised to -0.6%
That’s not a pretty number with a softer revision in April to boot. If you strip out large orders, incoming orders in May were down 2.2% relative to the month before. Looking at the details, the drop owes much to a decline in foreign orders (2.8%) while domestic orders were higher (+0.5%) on the month.
This article was written by Justin Low at www.forexlive.com.
