March US durable goods orders +0.7% vs +1.3% expected

The March preliminary data on US durable goods orders and shipments

• Prior was +1.8% (revised to +2.3%)


• Capital goods orders non-defense ex-aircraft +0.2% vs +0.5% expected


• Prior was -0.1% (revised to +0.1%)


• Capital goods shipments non-defense ex-aircraft +0.4% vs +0.1%


• Prior was +1.0% (revised to +1.1%)


• Ex-transportation -0.2% vs +0.4% exp


• Prior +0.5% (revised to +0.7%)

These numbers will be revised in the factory orders report.

There is plenty of good news here. Some of the main headlines were soft but that was mitigated by some upward revisions.

In the short-term, the revisions the shipments data make it more likely that tomorrow"s GDP report will beat expectations.

March US durable goods orders +0.7% vs +1.3% expected
March US durable goods orders +0.7% vs +1.3% expected
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