- June revised to +1.6% vs +1.3% originally
- Non-defense orders ex-air -3.4% vs +0.7% exp
- Non-defense ex-air prior revised to -2.7% vs -1.7%
The headline is entirely deceptive, skewed by a 12.8% rise in motor vehicles and parts, and a +53.9% rise in civilian aircraft. This is a very weak report with key metrics like general machinery (-3.6%) and communications (-4.0%) down sharply.
