US factory orders August 2018 2.3% vs 2.1% exp m/m

August 2018 US factory orders and durable goods revisions 4 October 2018

• Prior -0.8%. Revised to -0.5%
• Ex-transport 0.0% vs 0.2% prior m/m. Revised to 0.1%
• Durable goods revision – Orders 4.4% vs 4.5% prior m/m
• Ex-transport 0.1% vs 0.1% prior m/m
• Ex-Def 2.5% vs 2.6% prior m/m
• Cap goods orders non-def ex-air -0.9% vs -0.5% prior

Softer revisions for Durables but better factory orders overall. An 11 month high for orders but it’s of no consequence to USD which continues to see some mild selling pressure.

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Ryan Littlestone

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