Multiple digital panels on one board displaying numbers
Markets

October 2016 US factory orders 2.7% vs 2.6% exp m/m

October 2016 US factory orders and durable goods revisions report

  • Prior 0.3%

  • ex-transport 0.8% vs 0.6% prior m/m

  • Durable goods revision 4.6% vs 4.8% prior. Sep 0.4%

  • Ex-transport 0.8% vs 1.0% prior

  • Ex-Def 5.0% vs 5.2% prior

  • Cap goods orders non-def ex-air 0.2% vs 0.4% prior

  • Cap goods shipments non-def ex-air -0.1% vs 0.2% prior

That's the biggest jump in orders for over 2 years. It looks like transport did most of the work, and we can probably pin that on aircraft.

US factory orders m/m

The lower durable revisions take some of the gloss off the report. USDJPY poked its nose above 114.00 briefly to 114.10 but is back below.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx