October 2016 US factory orders and durable goods revisions report

  • Prior 0.3%

  • ex-transport 0.8% vs 0.6% prior m/m

  • Durable goods revision 4.6% vs 4.8% prior. Sep 0.4%

  • Ex-transport 0.8% vs 1.0% prior

  • Ex-Def 5.0% vs 5.2% prior

  • Cap goods orders non-def ex-air 0.2% vs 0.4% prior

  • Cap goods shipments non-def ex-air -0.1% vs 0.2% prior

That's the biggest jump in orders for over 2 years. It looks like transport did most of the work, and we can probably pin that on aircraft.

US factory orders m/m

The lower durable revisions take some of the gloss off the report. USDJPY poked its nose above 114.00 briefly to 114.10 but is back below.