US October factory orders -2.1% vs -2.0% expected

Technical Analysis

October 2018 US factory orders and revisions to durable goods orders

The downward revisions are the story here.

Durable goods orders revisions

  • Durable goods orders -4.3% vs -2.4% expected

  • Durable goods orders initially reported down 4.4% vs -2.6% expected
  • Prior durable goods orders +0.7%

  • Capital goods orders non-defense ex air 0.0% (unrevised) vs -0.5% prior

  • Capital goods shipments nondefense ex air +0.3% vs +0.3% prior

The changes to durable goods orders are small.

Overall, this is a disappointing read on the US economy but it’s balanced by an upbeat ISM non-manufacturing report released at the same time.
ForexLive

Products You May Like

Articles You May Like

EUR/GBP – Has the correction passed? (video)
Deere earnings fall short as company says farmers are delaying purchases because of the trade war
Aussie firmer as data improves
Peaceful protest in Hong Kong over the weekend, followed now by an upbeat Lam new conference
Is The Chinese Slowdown Set To Eat Over $2.5 Billion From ArcelorMittal’s Revenue Base?

Leave a Reply

Your email address will not be published. Required fields are marked *