US Factory Orders in August lower than expected

Factory Orders headline number -0.8 % m/m in Aug from +1.4 % (revised from +1.3 %) in July. The market had been looking for +0.3 %. Factory Orders posting their first drop since March.

Factory Orders ex-defence -0.7 % m/m from +1.0 %

Factory Orders ex-transportation +0.4 % m/m -0.6 % (revised from -0.7 %) in July

Durable Goods in August -2.6 % m/m from -2.4 % in July