US October factory orders -3.6% vs -2.8% expected

<ul><li>Lowest reading since April 2020</li><li>Prior was +2.8% (revised to +2.3%)</li></ul><p>Details:</p><ul><li>Factory orders ex-transportation for October -1.2% versus +0.8% last month (revised to +0.4%)</li><li>Durable goods order revised -5.4% versus -5.4% preliminary and +4.0% prior month</li><li>Durable goods ex-defense -6.7% versus -6.7% preliminary. Last month +5.0%</li><li>Nondefense capital ex-air -0.3% versus -0.1% preliminary. Last month -0.2%</li><li>Durable goods ex transportation 0.0% vs 0.0% preliminary. Last +0.2%</li></ul><p>These numbers can be skewed by large one-off orders and in this case, the auto strike was a big drag. It will bounce back in November and December.</p>

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