Latest data released by the US Census Bureau - 25 October 2018
- Prior +4.4%; revised to +4.6%
- Ex transport +0.1% vs +0.4% expected
- Capital goods orders non-defense ex air -0.1% vs +0.5% expected
- Prior -0.9%; revised to -0.2%
- Capital goods shipments non-defense ex air 0.0% vs +0.4% expected
- Prior -0.2%
The headline reading may have beat expectations along with positive revision but the key reading - non-defense ex air - is an underwhelming one and that's not going to give much lift to the dollar on the day. But given that the market is heavily focused on risk sentiment right now, the release here loses a tad bit focus as economic data takes a back seat for now.
