US factory orders fall in May, weighed down by weak demand for commercial aircraft

U.S. factory goods new orders fell in May, driven by weaker bookings for commercial aircraft. However, demand elsewhere stayed strong, supported in part by investment tied to artificial intelligence. Overall signal is mixed, with aerospace softness partially offset by AI-led areas.

Analysis

U.S. factory goods new orders fell in May, driven by weaker bookings for commercial aircraft. However, demand elsewhere stayed strong, supported in part by investment tied to artificial intelligence. Overall signal is mixed, with aerospace softness partially offset by AI-led areas.