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.