July US factory orders -3.3% vs -3.3% expected

July factory orders and revisions to durable goods orders

• Prior was +3.0%
• Factory orders ex transport +0.5% vs -0.2% prior

Durable goods orders revisions:

• Durable goods orders -6.8% vs -6.8% initially reported
• Prior was +6.4%
• Ex transportation +0.6% vs +0.5% initially
• Prior ex transport +0.1%
• Capital goods orders nondefense ex air +1.0% vs +0.4% initially
• Prior capital goods orders 0.0%
• Capital goods shipments nondefense ex air +1.2% vs +1.0% initially
• Prior shipments +0.6%

The revision to capital goods orders nondefense ex air along with strong factory orders ex-transport is a good sign for Q3 and Q4.