Durable Goods April 2008
Summary: Headlines read... durable goods orders show surprising strength, falling less than forecasted... under the sheets...
Durable orders continue to fall -0.5%, the 3rd decrease in 4 months with non defense capital goods sinking 1.4%.
Durable Orders Apr -0.5% vs prior -0.3% Full Report
Inside the number: new orders: ex transport +2.5%; non defense capital goods ex aircraft +4.2%; however... non defense aircraft -24.4%; defense aircraft -4.9%.
Non defense capital goods -1.4%; capital goods -0.8%; Ex defense -0.3%; manufacturing new orders with unfilled orders -0.8%
Transportation equipment -8%; YTD -6.2%; automobiles -3.3%; YTD -12.3%; computers & related -8.3%; YTD +0.1%; all other durable goods YTD -3.2%
Durable orders continue to fall -0.5%, the 3rd decrease in 4 months with non defense capital goods sinking 1.4%.
Durable Orders Apr -0.5% vs prior -0.3% Full Report
Inside the number: new orders: ex transport +2.5%; non defense capital goods ex aircraft +4.2%; however... non defense aircraft -24.4%; defense aircraft -4.9%.
Non defense capital goods -1.4%; capital goods -0.8%; Ex defense -0.3%; manufacturing new orders with unfilled orders -0.8%
Transportation equipment -8%; YTD -6.2%; automobiles -3.3%; YTD -12.3%; computers & related -8.3%; YTD +0.1%; all other durable goods YTD -3.2%
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