Details of the March 2016 US durable goods data report 26 April 2016
- Prior -3.0%. Revised to -3.1%
- Ex-transport -0.2% vs 0.5% exp m/m. Prior -1.3%
- Cap goods orders non-def ex-air 0.0% vs 0.6% exp m/m. Prior -2.5%. Revised to -2.7%
- Cap goods shipments non-def ex-air 0.3% vs 0.9% exp m/m. Prior -1.7%. Revised to -1.8%
Softer numbers and worse revisions sees the dollar duck under 111.00 to 110.95
Electronics and computers add to vehicles falling and they couldn't be upheld by a big jump in defense aircraft parts and a rise in cap goods.
Durables breakdown
Year on year durables (nsa) fell 0.9%
This all still points to a consumer that's not busting the wallet open and that manufacturing isn't out of the woods yet, although it's lagging the recent manufacturing numbers
US durable goods