May Durable Goods Jump 1.9%

The number is out:

Basically a snooze.

Durable goods jumped 1.9%, which is better than expected.

Ex-transport, however, was only up 0.6%, vs. expectations of 0.9%.

Background: Durable goods is always volatile.

The official expectations:

  • Headline +1.5%
  • Ex-transportation +0.9%
  • Cap goods orders nondefesnese ex-aircraft +1.0%

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