US April factory orders and revisions to durable goods orders
- Prior +1.6% (revised to +1.7%)
- Orders up 8.3% y/y
Durable goods orders revisions
- Durable goods orders -1.6% vs -1.7% preliminary
- Prior was +2.6%
- Ex transport +0.9% vs +0.9% prelim
- Capital goods orders non-defense ex air +0.9% vs +0.9% prelim
- Capital goods shipments non-defense ex air +0.9% vs +0.8% prelim
There isn't much to get excited about there. Factory orders were soft but revisions to durable goods were a tad better.
From Reuters:
Orders for transportation equipment fell 6.0 percent, pulled down by a 28.9 percent plunge in the volatile orders for civilian aircraft. Transportation orders increased 6.9 percent in March. Orders for motor vehicles rose 1.0 percent in April.
Orders for machinery dropped 0.7 percent after tumbling 3.1 percent in March. That reflected a decline of 11.6 percent in orders for mining, oil field and gas field machinery. Orders for industrial machinery fell 10.0 percent.
There was also a drop in orders for computers. But orders for electrical equipment, appliances and components increased 1.8 percent. There were also increases in orders for fabricated metal products and primary metals.
