February 2016 US factory orders -1.7% vs -1.7% exp m/m

• Prior 1.6%
• Ex-transport % vs -0.5% exp m/m. Prior -0.2%

Durable goods revisions

• Orders -3.0% vs -2.8% flash m/m. Jan -4.2%
• Ex-trans -1.3% vs -1.0% flash.  1.2%
• Ex-def -2.1% vs -1.9% flash. Jan 3.7%
• Cap goods orders non-def -ex-air -2.5% vs -1.8%. Jan 3.1%

Factory orders hit expectations but record the loss from last month. Durables edge lower in the revisions thus making the losses steeper vs Jan. This report swings around like a weathervane