April US factory orders +0.7% vs +0.5% expected

The April factory orders report, which includes revisions to durable goods:

• Prior reading was +0.9% (revised to 1.5%)
• Factory orders ex-transportation to +0.5% vs +0.4% prior
• Factory orders ex-defense -0.1%
• Computer/electronics durable goods orders -1.3% vs +7.2% prior
• Durable goods orders were reported +0.8% on May 27 (revised lower to +0.6%)
• Original report on non-defense cap goods orders ex-air was -1.2% (no revision)