Against expectations of a jubilant 3% surge in November, Durable Goods Orders slipped 0.7% - the biggest miss since December 2013. Perhaps even more worrisome, YoY Durable Goods Orders rose at a mere 0.3% - the slowest since the Polar Vortex. Across the board the data was a disaster, ex-Transports -0.4% (against expectations of a 1% rise), Cap Goods Order non-defense were unchanged (against expectations of a 1% rise) and shipments rose just 0.2% (missing expectations of a 1.3% rise)... But apart from that, everything's great.
MoM miss biggest since Dec 2013
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YoY slowest rate since the Polar Vortex...
[3]
And breaking it down looks just as bad...
[4]
[5]
Miss...miss... miss... miss....
[6]
Must be the weather!!
Charts: Bloomberg
