- Previous month +0.9%
- Durable goods orders for April 0.7% against -0.8% expected. Previous month 0.8%
- Excluding transport +0.4% versus 0.1% expected. Last month 0.0%.
- Ex-defense MoM was 0.0% compared to 1.2% last month
- Cap excluding defense outside the air 0.3% against 0.1% expected. Last month -0.2%.
- Shipments increased 1.2% month-on-month. Year-over-year shipments are up 2.3%
For the year:
- Durable goods orders rose 0.5%.
- Excluding transport +2.1%
- Excluding Defense + 1.4%
The increase in orders for durable goods represents the third consecutive monthly increase. Transportation equipment – also up for three consecutive months, led the increase with a 1.2% gain for the month.
It should be noted that this number can be quite volatile. Last month’s preliminary release showed a 2.6% gain for durable goods. He finished at 0.8%. So be aware
This article was written by Greg Michalowski at www.forexlive.com.
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