- Prior -0.7%. Revised to -1.0%
- Inventories 0.7% vs 0.2% prior.
- Inventory to sales ratio unch 1.30
- Non durables +1.0% vs -0.7% in Jan
Durable goods revisions m/m
- Durable goods 2.2% unch
- Ex transport 0.1% vs 0.2% prior
- Ex defence 1.7% vs 1.8% prior
- Non def cap ex air -1.4% vs -1.3% prior
Big gains in transport which rose 7.0% from -6.2% with large gains seen within the sector. Non def aircraft +13.4% vs -22.1% prior, ships and boats +48.9% vs -27.9% prior.
Shipments showed a good overall gain +0.9% from -0.7%, within that Durables rose 0.8% vs -0.6% and non def ex air +0.6% vs -1.5%. A lot of that may have been held back on the weather though so we’ll have to see how that pans out in the next batch of data.
USd/JPY largely unmoved at 103.72 but EUR/USD has taken another little dip to a new low at 1.3769
US Factory orders 02 04 2014
