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US durable goods orders for April 0.7% versus -0.8% expected | Forexlive

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US durable goods orders for April 0.7% versus -0.8% expected | Forexlive

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

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