May Durable Orders & New Home Sales
Summary: Headline reads: durable orders unchanged matching estimates.
Under the sheets... orders flat on a jump in aircraft orders; ex aircraft capital goods tanking.
Headline reads: New Home Sales decline, but less than expected.
Under the sheets... the 2nd lowest level since 1991, sales are down 40% Yoy.
Durable Orders May FLAT vs +1% Full Report
Inside the number: New orders ex transport -0.9%; ex defense -0.6%; non defense capital goods +0.4%.
Machinery -5.3%; Motor vehicles -3.3%; defense capital goods +!0.9%; Aircraft: non defense +10.3%; defense +14.9%.
All other durable goods -0.4%; Capital goods +1.5%; capital goods ex aircraft -0.8%.
New Home Sales May -2.5% at 512K vs 525K Full Report
Inside the number: Yoy -40.3%; YTD -37.3%; Inventory +1.9%; 10.9 months vs 10.7; Yoy +39.7%. Median sales price -5.7%
Under the sheets... orders flat on a jump in aircraft orders; ex aircraft capital goods tanking.
Headline reads: New Home Sales decline, but less than expected.
Under the sheets... the 2nd lowest level since 1991, sales are down 40% Yoy.
Durable Orders May FLAT vs +1% Full Report
Inside the number: New orders ex transport -0.9%; ex defense -0.6%; non defense capital goods +0.4%.
Machinery -5.3%; Motor vehicles -3.3%; defense capital goods +!0.9%; Aircraft: non defense +10.3%; defense +14.9%.
All other durable goods -0.4%; Capital goods +1.5%; capital goods ex aircraft -0.8%.
New Home Sales May -2.5% at 512K vs 525K Full Report
Inside the number: Yoy -40.3%; YTD -37.3%; Inventory +1.9%; 10.9 months vs 10.7; Yoy +39.7%. Median sales price -5.7%
Comments