Details of the US durable goods orders report for April 2015

  • Prior 4.4%. Revised to 5.1%
  • Durables ex-transport 0.5% vs 0.3% exp. Prior -0.2%. Revised to 0.6%
  • Cap goods orders non-def ex-air 1.0% vs 0.3% exp. Prior -0.5%. Revised to 1.5%
  • Cap goods shipments non-def ex-air 0.8% vs 0.3% exp. Prior -0.4%. Revised to 1.0%

Much better numbers from the cap goods categories and with great revisions too

USDJPY bolts to 123 dead on the release. Adam will love these numbers but they are volatile and have yet to show an upward trend. They are positive though and that's all the buck needs right now to go off running again

Looking through the numbers it's not all good news as many of the underlying categories posted falls. Manufacturing with unfilled orders is the third highest dollar value component and it fell 0.6% vs +6.0% prior

While this report may be good news from an investment point of view, there's nothing here on the consumption side that suggests that consumer spending is going to pick up

US durable goods orders