Durable Goods Orders Increase, Led by Defense; Autos Decline 3%, Shipments Down 0.5%
Tuesday, April 26, 2016 9:19
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by Mike ‘Mish’ Shedlock
Mish Talk
Durable goods orders for March rose 0.8% following a downward revision in February from -2.8% to -3.1%.
Motor vehicle orders fell a steep 3.0%.
Shipments declined 0.5% but core capital goods shipments rose 0.3%. Core capital goods revisions were hugely negative.
The Bloomberg Econoday consensus was 1.6%, double the reported number.
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