Details of the December 2016 US durable goods data report 27 January 2017
Prior -4.5%. Revised to -4.8%
- Ex-transport 0.5% vs 0.5% exp m/m. Prior 0.6%. Revised to 1.0%
- Ex-defense 1.7% vs -6.5% prior. Revised to -6.8%
- Cap goods orders non-def ex-air 0.8% vs 0.5% exp. Prior 0.9%. Revised to 1.5%
- Cap goods shipments non-def ex-air 1.0% vs 0.5% exp. Prior 0.2%
The shipments number will be in the GDP advance but it's a mixed bag for the orders which will filter through into the revisions, when fully confirmed. Overall orders are down, though the cap goods orders beat expectations, and had a decent revision too.
The report looks soft on the face of it and added to the GDP miss, does not make it an altogether Fed hike friendly morning.
US durable goods orders m/m
