• Prior -0.9%. Revised to -2.1%
  • Cap goods orders non def ex-air -0.6% vs 0.9% exp. Prior -0.0%. Revised to -0.6%
  • Cap goods shipments non def ex air -0.1% vs 1.0% exp. Prior 0.2% revised to -0.6%
  • Durables ex transport -0.8% vs 0.6% exp. Prior -0.4% revised to -1.3%

Shocking numbers

USD/JPY down to 117.54 from 117.75

It’s a poor report with even poorer revisions and the market’s are taking a dive with stock futures tumbling too.

Durables can be a volatile data point at the best of times but this is the 4th drop in 5 and that will get alarms bells ringing.

Transport equipment on it’s own fell 9.2% to $66.7bn

US durable goods 27 01 2015

US durable goods 27 01 2015

durables dec