US factory orders for November 2019
- Prior month 0.3%. Revised to +0.2%
- Factory orders -0.7% versus -0.8% estimate
- Factory Orders ex transportation +0.3%. Prior month revised to 0.3% from 0.2% originally reported
- Durable Goods orders final -2.1% versus -2.0% estimate. The preliminary estimate was -2.0%
- Durable goods orders ex transportation final -0.1% versus 0.0% last preliminary
- Capital goods orders nondefense ex air final +0.2% versus +0.1% preliminary
- Capital goods shipments nondefense ex air final -0.3% versus -0.3% preliminary
Durable goods are component of the factory orders. They were released a week or so ago. Boeing has had an impact. The factory orders ex transportation rose 0.3% versus the -0.7% headline number. The same impact can be seen in the durable goods with the headline number coming in much weaker -2.1%, but ex transportation at only -0.1%.
Overall however, the report is not all that rosy, but in the US, the hope is a China deal will help boost growth.
The Atlanta Fed GDP now latest forecast will be released later this morning at some time.
