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US Factory Orders: Big challenges remain - Wells Fargo

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    According to analysts from Wells Fargo, today US report on factory orders from December showed a slightly improvement by big challenges remain.

    Key Quotes:


    “The roughest edges of last week’s durable goods report were sanded down a bit, but the read on the factory sector is still firmly negative. Core capital shipments were up in December, but orders are falling off sharply.”

    “Today’s report on December factory orders does not offer much new information. The durable goods figures reported last week were revised to slightly smaller declines.”

    “Shipments of core capital goods, a proxy for business spending, were revised to a gain of 0.2 percent from a 0.2 percent loss previously. This may mean the next estimate of GDP will show a smaller decline in Q4 equipment spending.”
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