US June Factory Orders Fall 0.3% for Second Month; Core Orders Drop 0.4%
US factory orders declined 0.3% in June from the prior month, marking a second consecutive monthly fall, while orders excluding defense dropped 0.4%. On a year-on-year basis, orders still rose 7.4%. The decline was the first since October 2025 and the steepest since April 2025. A previously released manufacturing purchasing managers' index climbed to a four-year high.
This marks the second consecutive monthly decline for the data, though orders were still up 7.4% from a year earlier. The manufacturing purchasing managers' index released earlier rose to a four-year high. It was the first monthly decline since October 2025 and the largest monthly drop since April 2025. Orders excluding defense fell 0.4% month on month, also the second straight monthly decline.