August US factory orders
– Prior revised to -0.4% from -0.2%
– Ex-transport -0.8%
– Prior ex-transport revised to -0.7% from -0.6%
– Cap goods orders non-defence ex air revised to -0.8% m/m
When it rains, it pours. The headline is soft and the downward revisions to core durable goods orders are troubling.
