After two straight months of declines, preliminary durables goods orders for September soared 4.7% MoM (far higher than the 1.8% expected), liftinbg orders by 6.0% YoY…
Source: Bloomberg
That is the biggest MoM jump since July 2020.
Orders ex-transports rose just 0.5% MoM and ex-defense soared 5.8% MoM.
Defense spending tumbled 14.4% MoM but non-defense aircraft spending soared 92.5% MoM…
Source: Bloomberg
Finally, as a reminder, this data is all nominal – i.e not adjusted for inflation.
Loading…