Upward revisions to March factory data
– March factory orders revised to 1.5% from 1.1%
– Ex-transportation revised to 1.0% from 0.8%
– Durable goods orders revised to 1.3% from +0.8%
All the revisions were positive except for the key line on core orders. Originally, non-defense capital goods orders at 0.0%, the revised to +0.1% but now slashed down to -0.8%. The original expectation was +0.6%.
US March factory and durable goods orders numbers revised, core orders fall
ByAdam Button
May 18, 2016