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April Durables Below-Expected -2.1%, Flat...>

US DATA
US DATA: April Durables Below-Expected -2.1%, Flat Ex Transport
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- Durable goods orders -2.1% in April vs -2.0% BBG and MNI. 
- Durables orders ex. transport flat vs +0.1% BBG and +0.2% MNI.
- Nondefense capital goods new orders -5.0%, ex. aircraft -0.9%. 
- Nondefense capital goods shipments -3.0%, ex. aircraft flat.
- Nondefense aircraft orders -25.1%, sharp drop as expected.
- Primary metals, computers and electronic fall; electrical equipt up
- March orders revised down to +1.7% vs prev +2.8% after annual revisions 
- Downward adjustments to Q1 nonres fixed investment forecasts possible.

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