Durable goods orders are up for the third consecutive month
- Prior month +0.9%
- Durable goods orders for April 0.7% versus -0.8% expected. Prior month 0.8%
- Ex-transport +0.4% versus 0.1% expected. Last month 0.0%.
- Ex-defense MoM was 0.0% vs 1.2% last month
- Nondefense Cap Ex-air 0.3% vs 0.1% expected. Last month -0.2%.
- Shipments were up 1.2% month on month. YoY shipments are up 2.3%
For the year:
- Durable goods orders rose 0.5%.
- Ex-transportation +2.1%
- Ex Defense + 1.4%
The gain in durable goods orders was the third consecutive monthly increase. Transportation equipment – also up three consecutive months, led the increase with a 1.2% gain for the month.
Of note is that this number can be quite volatile. Last month the preliminary release showed 2.6% gain in durable goods. It ended up at 0.8%. So be aware
