Factory orders for September 2020:
- Prior was +0.7% (revised to +0.6%)
- Factory orders ex transportation +0.5% vs +0.6% expected
- Prior orders ex transport +0.7%
Durable goods orders revisions:
- US Sept final durable goods orders +1.9 vs +1.9% prelim
- Prior was +0.4%
- Durables ex transportation vs +0.8% prelim
- Capital goods orders non-defense ex-air +1.0% vs +1.0% exp
- Prior capital goods orders non-defense ex-air +2.1%
- Capital goods shipments non-defense ex-air +0.5% vs +0.3% prelim
- Prior capital goods shipments non-defense ex-air +1.5%
All the numbers are very close to expectations. The headline was 0.1 pp above estimates but the revision was 0.1 pp lower. Overall, the industrial sector remains in a very good place, excluding energy.
