US June factory orders -3.3% vs -2.9% expected

• Prior was -0.5
• Factory orders ex transportation +0.1 vs +0.5% prior
• Shipments +0.5%

Revisions to durable goods orders

• June durable goods -6.7% versus a -6.6% preliminary. Prior month +0.1%
• Durable goods ex transportation +0.4% versus +0.5% preliminary
• Durable goods non-defense capital goods ex-air +0.9% versus +1.0% preliminary

The factory orders number is a slight miss but the change is small enough to be ignored by the market.

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