US June durable goods orders +0.8% vs +2.1% expected

US June durable goods orders data

• Prior was +2.3%  (revised to +3.2%)
• Durables ex transportation +0.3% vs +0.8% expected
• Prior ex transportation +0.3% (revised to +0.5%)
  
• Capital goods orders non-defense ex-air +0.5% vs +0.7% expected
• Prior capital goods orders non-defense ex-air +0.1% (revised to +0.5%)
  
• Capital goods shipments non-defense ex-air +0.6% vs  +0.4% expected
• Prior capital goods shipments non-defense ex-air +0.9%

This is the fourth month in a row where the report missed expectations but revisions were once again higher. The overall picture is still a solid one and the shipments data today will lead to some boosts to Q2 GDP estimates. The first report on that is due later this week.

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July 28, 2021 at 12:31AM
Adam Button
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