Highlights of the October US factory orders report, including revisions to the October durable goods orders report:
- Prior reading was -0.6%
- Ex-transportation -1.4% vs 0% prior
- Manufacturing inventories +0.1% vs +0.2% prior
- Non-durables orders -1.5% vs -0.2% prior
- Capital goods orders non-defense, ex-air revised to -1.6% from -1.3%
There’s no good news in this report and the US dollar has pared back some of its gains on the headlines.