Factory orders and revisions to durable goods orders
- Prior was +1.2%
- Ex transport +0.7% vs +0.4% prior
- Durable goods orders 2.0% vs +2.2% initially reported
- Durable goods non-defense capital goods orders ex-air 1.7% vs +1.3% initially
- Capital goods shipments nondef ex air +0.9% vs +0.7% initially
Another great set of numbers, that core capital goods orders reading is the best since July 2016 and (importantly) it’s not because of a bounce-back due to a poor month. The five-month moving average on core orders is the best since 2014.