Factory orders +1.2% in August

• August Factory Orders: +1.2% to $515.7B vs. +1% consensus and +0.7% prior (revised from +0.4%).
• Shipments +0.1% to $508.3B.
• Unfilled Orders +1% to $1,239.4B.
• Inventories +0.6% to $749.3B.
• The inventories-to-shipments ratio was 1.47, unchanged from July.