Highlights of the October 2015 US durable goods data report 25 November 2015
– Ex-transport 0.5% vs 0.3% epx m/m. Prior -0.3%. Revised to -0.1%
– Ex-defence +3.2% vs -1.9% prior. Revised to -+1.6%
Very good numbers on the first look but some of that positivity will be lessened by the unchanged core PCE number (sorry, read the wrong column in the data). Strong readings in the investment indicator of cap goods orders