US factory orders for January 1.7% versus 1.6% expected

• Prior month -0.9%
• Factory orders for January 1.7% versus 1.6% expected.
• Durable goods orders 3.2% vs 3.1% preliminary
• Durable goods ex trans 0.0% vs 0.0% preliminary. Last month, 0.1% last month
• Durable goods ex defense 3.5% versus 3.5% preliminary. Last month -1.8% last month
• Nondefense capital ex air for January 0.8% versus 0.8% preliminary. Last month 0.2%.

Details:

• New Orders for Manufactured durable goods:

  • Increased 3.2% ($8.7 billion) to $286.1 billion in January, following two months of declines.
  • Transportation equipment led the rise, up 9.9% ($8.7 billion) to $96.6 billion.
  • Nondurable goods orders rose 0.3% ($1.0 billion) to $303.8 billion.

• Shipments of manufactured durable goods:

  • Durable goods shipments increased 0.5% ($1.4 billion) to $288.3 billion, following a 0.8% December increase.
  • Transportation equipment led the gain, rising 1.4% ($1.3 billion) to $94.5 billion.
  • Nondurable goods shipments increased 0.3% ($1.0 billion) to $303.8 billion, led by petroleum and coal products, up 0.9% ($0.6 billion) to $64.0 billion.

• Unfilled Orders for manufactured durable goods:

  • Increased 0.2% ($2.7 billion) to $1,400.6 billion, up in six of the last seven months.
  • Transportation equipment accounted for most of the gain, rising 0.2% ($2.1 billion) to $902.3 billion.

• Inventories of manufactured durable goods:

  • Increased 0.1% ($0.4 billion) to $533.1 billion, marking the third consecutive monthly rise.
  • Transportation equipment inventories rose 0.2% ($0.3 billion) to $174.9 billion.
  • Nondurable goods inventories increased 0.1% ($0.4 billion) to $330.7 billion, led by petroleum and coal products, up 0.7% ($0.3 billion) to $48.5 billion.

• Stage of Fabrication:

  • Materials & Supplies: Up 0.3% (durable goods), 0.5% (nondurable goods).
  • Work in Process: Up 0.1% (durable goods), down 1.1% (nondurable goods).
  • Finished Goods: Down 0.3% (durable goods), up 0.4% (nondurable goods).

This article was written by Greg Michalowski at www.forexlive.com.