US durable goods orders for August
- Prior was +11.4% (revised to +11.7%)
- Durables ex transportation +0.4% vs +1.0% expected
- Prior ex transportation +2.6% (revised to +3.2%)
- Capital goods orders non-defense ex-air +1.8% vs +1.0% expected
- Prior capital goods orders non-defense ex-air +1.9% (revised to +2.5%)
- Capital goods shipments non-defense ex-air +1.5% vs +0.8% expected
- Prior capital goods shipments non-defense ex-air +2.4% (revised to +2.8%)
Don't be fooled by the headline, core orders were strong in August with an upward revision. The strong shipments numbers are also good for Q3 GDP.
