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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