US July factory orders -2.1% vs -2.5% expected

<ul><li>Prior was +2.3% (unrevised)</li><li>First decline after four consecutive increases</li><li>Factory order ex transport +0.8% vs +0.3% prior</li></ul><p>Revisions to durable goods – a component of factory orders showed:</p><ul><li>Durable goods orders -5.2% vs -5.2% preliminary. </li><li>Durable goods ex defense -5.5% versus -5.4% preliminary</li><li>Durable goods ex transport +0.4% versus +0.5% preliminary</li><li>Nondefense capital goods orders ex air +0.1% versus +0.1% preliminary (proxy for capital investments by businesses)</li><li>Shipments of durable goods -0.1%</li><li>Inventories unchanged</li></ul><p>This is all close to expectations and won't be a market mover.</p>

This article was written by Adam Button at www.forexlive.com.