Free Trial

Surprising Strength In Core Durable Goods Orders

US DATA
  • Total durable goods orders fell slightly as expected in August (-0.2% M/M after -0.1%) but core orders were stronger, rising a preliminary 1.3% (cons 0.2%) from an upward revised 0.7% (initial 0.3%).
  • Whilst a nominal measure open to price fluctuations, the recent strength nevertheless represents an accelerating trend, with the 3M/3M order rate hitting 9.3% annualized from the recent April low of 6.4%.
  • Core shipments were closer to expectations at 0.3% M/M, although in Y/Y terms continue to exceed that of orders (11.9% vs 9.7%) as it catches up on last year’s backlog.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.