Factory orders:
– Prior -2.4% (revised to -2.3%)
– Ex transportation +2.1%
– Prior ex transportation revised to +0.6% from +0.1%
– Durable goods orders revised to -0.5% from -0.4%
Plenty of good news in this report, especially the strong headline. This series has been in a long-term slump but it’s started to show signs of life.
