US factory orders for August -0.1% versus -0.2% estimate

Author: Greg Michalowski | Category: News

US factory orders for the month of August 2019

  • US factory orders come in a little better-than-expected at -0.1% versus 0.2% estimates. The prior month came in at 1.4%
  • factory orders ex transportation came in at 0.0% versus 0.2% revised last month. The prior report showed a 0.3% gain (revision lower this month)
  • durable goods orders for August final rose 0.2% which was as expected (and on par with the preliminary report)
  • durable goods ex transportation also came in on par with the preliminary report at 0.5%
  • durable goods Goods orders NonDefense Ex air fell -0.4% versus -0.2%. This is a measure of business investment
  • Durable goods shipments nondefense ex air +0.3% versus +0.4%
The overall factory orders are a touch better than expected but still down on the month.  Durable goods are mixed with gains on the headline numbers, but business investment remain sluggish.  

US factory orders the month of August

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