US factory orders January 2018 -1.4% vs -1.3% exp m/m

January 2018 US factory orders and durable goods revisions 6 March 2018

Prior 1.7%. Revised to 1.8%
Orders ex-transport 0.4% vs 0.7% prior m/m. Revised to 0.9%

Durable good revisions;

Orders -3.6% vs -3.7% prior
Ex-transport -0.3% unch
Ex-defense -2.6% vs -2.7% prior
Cap goods orders non-def ex-air -0.3% vs -0.2% prior
Cap goods shipments -0.1% vs 0.1% prior

Not much in the way of changes.

The worrying drop in factory orders is the biggest in 6 months. Outside of the volatile aircraft numbers, transport equipment dropped a chunky 10.0%. Manufacturing (with unfilled orders) was also a substantial loser as it dropped -.9% vs 3.6% prior. There’s might be some seasonality in the numbers so we’ll see if this washes out next month.