March 2017 US factory orders revision 9 May 2017

  • Flash -0.1%. Feb 0.2%

  • Sales 0.0% v s0.2% exp m/m. Prior 0.6%. Revised to 0.7%

  • Inventory/sales ratio 1.28 unch

Not much to get excited about in these numbers. We've seen builds and falls in inventories but it's been difficult to spot the follow through into GDP.

Sales are still showing that the consumer side is still not running that hot.

US wholesale inventories