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IPFS News Link • Federal Reserve

Another Durable Goods Disaster

• mishtalk.com

Meanwhile, today's durable goods report should give her something to think about.

The Bloomberg Econoday consensus estimate for durable goods orders was -1.3% in a range of -3.6% to +2.0%. Orders came in at -4.0% and last month was revised from -2.2% to -2.8%.

Highlights

Orders proved very weak for the factory sector for a second straight month in June, down 4.0 percent and outside Econoday's low estimate. Core readings are also soft with ex-transportation also lower for a second month, down 0.5 percent, with core capital goods (nondefense ex-aircraft) higher but up by only 0.2 percent and following two straight prior declines of 0.5 and 0.9 percent.


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