The May factory report
Prior was -0.8% (revised to -0.4%)
Ex transport +0.7% vs +0.4% prior (revised to +0.9%)
Durable goods orders -0.4% vs -0.5% expected
Ex transport 0.0% vs -0.3% prior
Capital goods orders nondefense ex air +0.3% vs +0.2% prior
Capital goods shipments +0.2% vs -0.1% prior
Some very good numbers here but the risk is that the numbers were inflated by orders ahead of pending or threatened tariffs.
