US April factory orders -3.7% vs -3.1% expected

• Prior was +4.3%
• Ex transport -0.5% vs -0.4% prior

Durable goods orders:

• Durable goods orders -6.3% vs -6.3% preliminary
• Durable goods ex trans -0.5% vs -0.4% preliminary
• Durable goods ex defense -7.5% versus -7.5% preliminary
• Nondefense capital ex air -1.5% versus -1.3% preliminary

No big changes in this report, though it’s a touch soft.

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