August 2021 US durable goods orders data:
- Prior was -0.1% (revised to +0.5%)
- Durables ex transportation +0.2% vs +0.5% expected
- Prior ex transportation +0.8% (unrevised)
- Capital goods orders non-defense ex-air +0.5% vs +0.4% expected
- Prior capital goods orders non-defense ex-air +0.1% (revised to +0.3%)
- Capital goods shipments non-defense ex-air +0.7% vs +0.9% prior
With the revision to July, durable goods orders have risen in 15 of the past 16 months. That's a remarkable run and today's strong numbers underscore high demand in the pipeline despite bottlenecks.
Inside this report, the details are a bit softer as the volatile transport component is driving the gains. Aircraft orders rose 77.9% in the month while motor vehicles fell 3.1%.
