- Prior was +1.8% (revised to +1.7%)
- Factory orders ex transportation +1.2% versus +0.7% prior
- Shipments +0.7%
Revisions to durable goods orders
- January durable goods -4.5% versus a -4.5% preliminary. Prior month +5.6%
- durable goods ex transportation +0.8% versus +0.7% preliminary
- Durable goods non-defense capital goods ex-air +0.8% versus +0.8% preliminary
These numbers are generally in-line with what was expected and the revisions are negligible. It looks like we've seen the worst of the bullwhip effect around the manufacturing sector.
