US January factory orders -1.6% vs -1.8% expected | Forexlive

• Prior was +1.8% (revised to +1.7%)
• Factory orders ex transportation +1.2% versus +0.7% prior
• Shipments +0.7%

Revisions to durable goods orders

• January durable goods -4.5% versus a -4.5% preliminary. Prior month +5.6%
• durable goods ex transportation +0.8% versus +0.7% preliminary
• Durable goods non-defense capital goods ex-air +0.8% versus +0.8% preliminary

These numbers are generally in-line with what was expected and the revisions are negligible. It looks like we’ve seen the worst of the bullwhip effect around the manufacturing sector.