Highlights of the US durable goods orders report:
- Headline durable goods orders -1.0% vs 0.0% expected
- Prior durable goods orders +0.6% (revised to +0.8%)
- Prior capital goods orders non-defense ex-air -1.2% (revised to -1.1%)
- Durables ex transportation -0.1% vs +0.3%
- Prior ex transport revised to +0.4%
If you can get past the terrible GDP report and the poor headline on durable goods, there’s some good news in core orders.
US durable goods capital goods orders non-defense ex-air
