US February factory orders +1.2% vs +1.7% expected

Factory orders for February

• Prior was -1.4% (revised to -1.3%)
• Ex transport +0.1% vs +0.4% prior

Durable goods orders revisions:

• Durable goods orders +3.0% vs +3.1% prelim
• Nondefense ex air +1.4% vs +1.8% prelim
• Ship non-defense ex air +1.4% vs +1.4% prelim

Overall, the numbers are a touch on the soft side but nothing that's going to rock the boat. We'll have to see what happens to orders if/when tariffs take effect.