Details of the December 2016 US durable goods data report 27 January 2017
– Ex-transport 0.5% vs 0.5% exp m/m. Prior 0.6%. Revised to 1.0%
– Ex-defense 1.7% vs -6.5% prior. Revised to -6.8%
The shipments number will be in the GDP advance but it’s a mixed bag for the orders which will filter through into the revisions, when fully confirmed. Overall orders are down, though the cap goods orders beat expectations, and had a decent revision too.