- This is the key number
- Prior revised to -0.3% from +0.2%
- Ex-transport +1.9% vs +0.2% exp
- Capital goods shipments -1.0% vs -1.3% exp
A 13.5% leap in machinery orders is behind the jump in ‘core’ orders and that’s a great sign of business investment. The drag on the main headline was a 34% drop in non-defense aircraft orders, which is always a volatile number due to the timing of deliveries.
