January 2016 US factory orders and durable goods revisions 3 March 2016

  • Prior -2.9%
  • Ex-transport -0.2% vs -0.8% prior. Revised to -0.9%
  • Inventories -0.4% vs -0.2% prior
  • Inventory/sales ration 1.36 vs 1.37 prior

Durable goods revisions

  • Durable goods 4.7% vs 4.9% prior. Dec -4.6%
  • Ex-transport 1.7% vs 1.8% prior. Dec -0.7%
  • Cap goods orders non-def ex-air 3.4% vs 3.7% prior. Dec -3.7%

Durables are a touch softer than the first report but nothing to rock the boat and the big gain vs last month.

Factory orders stage a turnaround of their own which belies the numbers we've seen from other indicators for Jan. This is lagging data though as we've just had the Feb Manufacturing ISM.

The transport sector looks like it did most of the heavy lifting.

Us factory orders and durable goods details

Us factory orders