• Prior +6.9%; revised to +5.9%

Slight delay in the release by the source. The wild swings in this particular report are continuing after the near 6% revised surge in industrial orders in December. As the December reading was largely attributed to a sharp jump in incoming orders for other vehicle construction (aircraft, ships, trains, military vehicles), the January reading is the opposite with a 17.6% decline in that particular line. Often times, the large swings there are attributed to military orders or Airbus orders. So, those are the most likely culprits.