donderdag 27 juli 2017

Core Durable Goods Orders Disappoint But Aircraft Orders Surge 131%

A huge upside surprise for durable goods orders (+6.5% MoM vs +3.9% MoM). This was the biggest surge in DurGoods since July 2014's record Boeing order also screwed with the data...


Dominated by a 19% spike in transportation (with non-defense aircraft orders up 131.2% MoM)...


Up from $11 bln to $5,3 bln...


Away from this unsustainable surge in orders, Core Durable Goods Orders disappointed (+0.2% vs +0.4% exp) and Capital Goods New Orders Nondefense Ex Aircraft & Parts fell 0.1%, the biggest drop since Dec 2016...


Let's just hope Boeing can sell a few more planes in July or this picture won't look so rosy. One glimpse at the top chart above tells you what happens next month....