September factory orders +0.7%, above the...>

US DATA: September factory orders +0.7%, above the +0.5% exp, 

with durable goods orders revised down slightly to +0.7%, nondurable 

goods orders +0.6% on gains in petroleum and coal, chemical products, 

and plastics and rubber products. 

- Excluding +1.9% transportation orders, factory orders would have been 

+0.4%. Durables ex. trans. were revised down to a flat reading from 

+0.1% in the advanced estimate.

- Nondefense capital goods new orders -2.3%, but only -0.1% ex aircraft.    

- Total factory shipments were +0.9% in September, with nondefense 

capital goods shipments +2.6%, but -0.1% ex aircraft.

- Factory inventories +0.5%, so combined with the advance estimates of 

+0.3% for wholesale inventories and +0.1% for retail inventories, this 

would result in +0.3% for business inventories.