US February factory orders 0.0% vs +0.2% expected

US February factory orders data:

• Prior was -0.5%
• Ex transport -0.9% vs -0.1% prior

Durable goods orders revisions:

• Orders +1.2% (unrevised)
• Ex transport -0.6% (unrevised)
• Capital goods orders non-defense ex air -0.9% vs -0.8% initially
• Capital goods orders non-defense ex air -0.8% (prior was -0.7%, revised to -0.8%)

This is February data and it shows that business investment was stuck in a long-term slump, even with a decent economy. It's tough to ever see it coming back now.