The durable goods number is out and it’s good.The headline durable goods number of -0.8% was just a bit ahead of -1.0% expectations.
But growth of 1.7% ex-transport was well ahead of 0.4% expectations.
Some bad news; Last month was revised downward. August went from -0.1 (ex-transport) to -0.4% ex-transport.
More to come in a moment.
ORIGINAL POST: Always a lumpy number, at 8:30 AM, September Durable Goods are released.
Analysts expect a decline of 1% vs. a decline of 0.1% last month.
Ex-transport however, people are looking for growth of 0.4%, much better than the -0.1% from last month.
We’ll have more when it comes out.
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