Durable Goods Orders Surge Back Into The Green For The Year

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…

Source: Bloomberg

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.

Tyler Durden
Wed, 12/23/2020 – 08:51

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