Moneymoney

Thu Oct 24, 2019, 10:25 AM

Durable Goods Orders Tumble In September

Durable Goods Orders Tumble In September, Business Investment Contracts Most Since Trump Elected

After a solid rebound in June and July, analysts expected September to extend August's slowdown but things were considerably worse than expected as headline durable goods orders fell 1.1% MoM (-0.7% exp) leaving orders down 4.0% year-over-year.

https://www.zerohedge.com/economics/durable-goods-orders-tumble-september-business-investment-contracts-most-trump-elected

Shipments of non-defense capital goods excluding aircraft - a measure used in GDP calculations - fell 0.7%, more than forecast, after no change the prior month. The report showed the three-month annualized gain for business-equipment shipments declined...

And finally, the proxy for business investment - bookings for non-military capital goods orders excluding aircraft - fell 0.5% after a downwardly revised 0.6% drop the prior month... and down 1.8% YoY - the weakest since Trump's election...

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Reply Durable Goods Orders Tumble In September (Original post)
uncledad Oct 24 OP
nolidad Oct 24 #1
uncledad Oct 24 #2

Response to uncledad (Original post)

Thu Oct 24, 2019, 04:11 PM

1. Much of the World is teetering on recession if not in one already!

$17.5 trillion in negative rate bonds, QE going on in multiple countries, this recession (most likely next year) is going to be ugly!

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Response to nolidad (Reply #1)

Thu Oct 24, 2019, 04:53 PM

2. You got that right.

If someone told me, a few years back, there would be $17.5 trillion in negative bonds, I'd think they lost their mind.

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