Core Durable Goods New Orders Plunge In April

Headline durable goods orders tumbled 0.7% MoM (the worst of the year), but beat expectations of a 1.5% drop. However, Core Durable Goods New Orders fell 0.4% (dramatically worse than the +0.4% expectation) for the worst performance since June 2016.

  • Non-Defense ex-Aircraft new orders were unchanged in April (huge miss) – weakest in 2017
  • Shipments Ex-Aircraft fell 0.1% in April (huge miss) – weakest in 2017

Worst still, Headline New Orders are unchanged year-over-year…

Q2 GDP is starting to get in trouble with Durable Goods piling on after inventories weakness yesterday.

We have one question – when does this revert?

Durable Goods Orders are unchanged since May 2013.. The Dow is up 5000 points since then.

The post Core Durable Goods New Orders Plunge In April appeared first on crude-oil.news.

Core Durable Goods New Orders Plunge In April

Headline durable goods orders tumbled 0.7% MoM (the worst of the year), but beat expectations of a 1.5% drop. However, Core Durable Goods New Orders fell 0.4% (dramatically worse than the +0.4% expectation) for the worst performance since June 2016.

  • Non-Defense ex-Aircraft new orders were unchanged in April (huge miss) – weakest in 2017
  • Shipments Ex-Aircraft fell 0.1% in April (huge miss) – weakest in 2017

Worst still, Headline New Orders are unchanged year-over-year…

Q2 GDP is starting to get in trouble with Durable Goods piling on after inventories weakness yesterday.

We have one question – when does this revert?

Durable Goods Orders are unchanged since May 2013.. The Dow is up 5000 points since then.

The post Core Durable Goods New Orders Plunge In April appeared first on crude-oil.news.