US June factory orders +0.6% vs +0.7% expected

US June 2019 factory orders

• Prior was -0.7% (revised to -1.3%)
• Ex transport +0.1% vs +1.2% prior

Revisions to March durable goods orders:

• Durable goods orders +1.9% vs +2.0% in prelim report
• Ex transport +1.0% vs +1.2% prelim
• Capital goods orders non-defense ex air +1.5% vs +1.9% prelim
• Capital goods shipments +0.3% vs +0.6% prelim

Revisions are generally lower and the headline is a bit of a disappointment and the revision is poor but this isn't any kind of game changer.