Durable Goods Orders Surge Back Into The Green For The Year
Durable Goods Orders were expected to decelerate from the v-shaped recovery for the second month in a row, and they did but less than expected. Headline orders rose 0.9% MoM (slower than the upwardly revised 1.8% rise in October but higher than the expected 0.6% rise). This is the seventh straight month of improvement for durable goods orders…
This preliminary December data has pushed Durable Goods Orders into the green for the year (up 3.5% YoY).
Core durable goods orders growth slowed from +1.9% MoM to +0.4% MoM.
Wed, 12/23/2020 – 08:51