Details from the February 2017 US durable goods data report 24 March 2017
Prior 2.0%. Revised to 2.3%
- Ex-transport 0.4% vs 0.5% exp m/m. Prior 0.0%. Revised to 0.2%
- Ex-Defense 2.1% vs 1.6% prior. Revised to 2.1%
- Cap goods orders non-def ex-air -0.1% vs 0.6% exp m/m. Prior -0.1%. Revised to 0.1%
- Cap goods shipments non-def ex-air 1.0% vs 0.2% exp. Prior -0.4%
A so-so report. Orders higher overall but with the usual big ticket items making the swings. Generally though, some mildly positive numbers in the breakdown. The cap goods shipments is likely to be a positive for GDP (as long as it doesn't get revised lower).
And on that, the revisions have been revised higher, so better news there, even if they do get three goes to get it right.
US durable goods orders m/m
As expected, there's been no real move in the dollar on this. USDJPY trades 111.06 from 110.95.
