US Durable Goods Orders Disappoint In August As Recovery Stalls

US Durable Goods Orders Disappoint In August As Recovery Stalls Tyler Durden Fri, 09/25/2020 - 08:35 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).
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