August prelim US durable goods orders +1.7% vs +1.0% expected

Durable goods orders highlights

  • Prior was -6.8%
  • Ex-transportation +0.2% vs +0.2% exp
  • Prior ex transport +0.6% (revised to +0.8%)
  • Capital goods orders nondefense ex air +0.9% vs +0.3 exp
  • Prior capital goods orders nondefense ex air +1.0% (revised to +1.1%)
  • Capital goods shipments nondefense ex air +0.7% vs +0.1% expected
  • Prior shipments +1.1%

More good news for the US dollar. The headline, the details and the revisions were all higher. USD/JPY is only up a handful of pips on the release but that’s understating the good news. Capital spending is a big criteria at the Fed and they will get some comfort from this.

Capital goods orders non-defense ex-air have been trending stronger in the past few months after years of disappointment.

Article Source

Добавить комментарий

Яндекс.Метрика