US Factory Orders for December 2013 fell 1.5% M/M

Factory Orders

Released On 2/4/2014 10:00:00 AM For Dec, 2013 Prior Prior Revised Consensus Consensus Range Actual Factory Orders - M/M change 1.8 % 1.5 % -1.8 % -2.4 % to 0.1 % -1.5 %

Market Consensus before announcement Factory orders gained a very strong 1.8 percent in November. Another plus was a 4 tenths upward revision to October, to minus 0.5 percent. September orders were unrevised and very strong at plus 1.8 percent. Excluding transportation, orders rose 0.6 percent in November versus an upwardly revised 0.1 percent gain in October. Orders for capital goods showed a big surge, possibly boosted by year-end tax issues but also perhaps by rising business confidence.

Source: Bloomberg