US Durable Goods Orders Disappoint In August As Recovery Stalls

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by Tyler Durden
Friday, Sep 25, 2020 - 08:35 AM

After three straight months of aggressive rebounds, analysts expected preliminary August durable goods orders data to slow dramatically, but the actual print was even worse then expected - rising just 0.4% MoM (vs +1.5% MoM exp)...

Source: Bloomberg

On a year-over-basis, durable goods orders are down 6.3%, and appear to have reached the zenith of the recovery.

Source: Bloomberg

On the bright side - capital goods shipments non-defense, ex-air - a proxy for business investment, rose 1.5% MoM (better than the expected 0.8% MoM).