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US Dec factory orders -2.9% vs -2.8% expected

Factory orders data and durable goods orders revisions:

  • Prior -0.2% (revised to -0.7%)
  • Factory orders ex-transport -0.8% vs -0.3% prior

Durable goods orders revisions:

  • Originally reported at -5.1% vs -0.6% expected
  • Revised to -5.0% (was expected to be revised to -4.5%)
  • Cap goods orders non-def ex-air unrevised at -4.3%
  • Capital goods shipments revised to +0.2% from -0.2%

No big surprises in this data but some economists were hoping for better revisions after the original durable goods orders data badly missed expectations. For me, this report and the December US retail sales report are the major red flags that the FOMC needs to worry about and they're the best reasons to sell the dollar on expectations that the Fed won't hike for awhile.

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.

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