• Prior +1.8%; revised to +2.3%
  • Factory orders +2.9% y/y
  • Prior +7.3%; revised to +8.2%

The drop on the month was largely due to a fall in foreign orders, which declined by 3.3%. Meanwhile, domestic orders decreased by 0.2% on the month. The better revision to January also helped to see the drop be slightly more exacerbated. In any case, a lot of the impact here is before the full toll of the Russia-Ukraine conflict so it's hard to read much into it.