- Prior reading was +1.0% (revised to +0.5%)
- Ex-autos down 0.6%
- Prior ex-autos revised to 0.0% from +0.5%
- Dec new orders +4.5%
Slight tick higher in USD/CAD after the release, up to 1.0967 from 1.0959. It’s rare to see this report move the market but this was a poor reading with downward revisions. The new orders number is the silver lining.
