Durable goods orders for April
- Prior was +2.6% (revised to +2.7%)
- Ex transportation +0.9% vs +0.5% expected
- Prior ex transportation +0.1% (revised to +0.4%)
- Cap goods orders nondefense ex air +1.0% vs +0.7%
- Prior cap goods orders nondefense ex air -0.4% (revised to -0.9%)
- Capital goods shipments nondefense ex air +0.8% vs +0.4% expected
Core orders (nondefense ex air) were a bit stronger on the headline but that was mitigated by the downward revision to the previous month. Overall, the report is a touch on the soft side, which isn't a great sign for later in the year.
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