US August factory orders
- Orders have risen in 15 of the past 16 months
- Prior was +1.5%
- Ex transportation +0.3% vs +0.8% prior
- Manufacturing inventories +% vs +0.5% prior
Revisions to durable goods:
- US durable goods orders +1.8% vs +1.8% prelim
- Durables ex transportation +0.3% vs +0.2% prelim
- Capital goods orders non-defense ex-air +0.6% vs +0.5% prelim
The orders are there but the backlogs continue to grow as supply chain issues hit hard. Here's the cover of Barron's this week:
