- Prior was +2.3% (unrevised)
- First decline after four consecutive increases
- Factory order ex transport +0.8% vs +0.3% prior
Revisions to durable goods – a component of factory orders showed:
- Durable goods orders -5.2% vs -5.2% preliminary.
- Durable goods ex defense -5.5% versus -5.4% preliminary
- Durable goods ex transport +0.4% versus +0.5% preliminary
- Nondefense capital goods orders ex air +0.1% versus +0.1% preliminary (proxy for capital investments by businesses)
- Shipments of durable goods -0.1%
- Inventories unchanged
This is all close to expectations and won’t be a market mover.