US July factory orders +1.9% vs +2.0% expected

Factory orders and durable goods orders revisions

• Prior was -1.5%


• Factory orders ex transportation +0.2% vs +0.4% prior

Here were the initial release details of the durable goods orders.

Revisions:

• Durable goods orders +4.4% vs +4.4% initial estimate


• Ex transport +1.3% vs +1.5% initial estimate


• Capital goods orders nondefense ex air +1.5% vs +1.6% initial estimate (still the best since January)


• Capital goods shipments nondefense ex air -0.5% vs -0.4% initial estimate

All these numbers are very close to estimates. The factory orders side is a shade soft but it won't be enough to get the market moving. Overall, it confirms that July was a better month for factories after months of struggles.

US July factory orders +1.9% vs +2.0% expected
US July factory orders +1.9% vs +2.0% expected
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