May 2020 US durable goods orders data

  • Final April reading was -17.7% (lowest on record)
  • Ex transport +4.0% vs +2.1% exp (-7.7% prior)
  • Capital goods orders non-defense ex-air +2.3% vs +1.0% exp
  • Prior capital goods orders non-defense ex-air -6.1% (revised to -6.5%)
  • Capital goods shipments non-defense ex-air +1.8% vs -1.0% exp
  • Prior shipments -5.7% (revised to -6.2%)

These are some good numbers and show a strong rebound in May. It's nice to see it in hard data rather than in soft surveys.