US July factory orders -0.8% vs -0.6% expected

US July factory orders and revisions to durable goods orders

• Prior was +0.7%

• Factory orders ex transportation +0.2% vs +0.4% prior

Durable goods orders revisions

• July durable goods orders -1.7% vs -1.7% prelim
• Ex transportation +0.1% vs +0.2% prelim
• Capital goods orders non-defense ex-air +1.6% vs +1.4% prelim
• Capital goods shipments non-defense ex-air +1.0% vs +0.9% prelim

The revision to core orders is a solid sign but factory orders overall were on the soft side. Core orders have risen for four consecutive months in a very good forward-looking sign for the US economy.