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US February factory orders +1.4% vs +1.0% expected
February 2023 US factory order data and revisions to durable goods • Prior was -3.6% (revised to -3.8%) • Factory orders ex transportation +1.1% vs -0.8% prior • Prior ex transport -0.8% (revised to -0.6%) • Shipments +1.4% Full report Revisions to durable goods orders • February durable goods +1.3% versus a +1.4% preliminary. Prior month -6.9% • Durable goods ex transportation +0.3% versus +0.5% preliminary • Durable goods non-defense capital goods ex-air +0.7% versus +0.7% preliminary • This is a solid report but it's overshadowed by JOLTS.