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US August durable goods orders +0.2% vs -0.5% expected
Prior was -5.2%Non-defense capital goods orders ex-air +0.9% vs 0.0% expectedPrior non-defense capital goods orders ex-air +0.1% (revised to -0.4%)Ex transport -0.7% vs +0.1% expectedEx defense -0.7% vs -5.5% priorShipments +0.7%The core orders number is a good one but the +0.9% reading is a bit of an illusion because of the 0.5 pp revision lower last month. Still, even if we strip that out, it's well-above the consensus and adds to the evidence that the manufacturing recession is coming to an e...
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Posted: Sep 27 2023, 12:30
Author Name: forexlive
Views: 092048
