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More ‘Hard’ Data Disappointment: Core Durable Goods Order Growth Slows, Capital Goods Decline
Friday, March 24, 2017 8:41
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zerohedge.com / by Tyler Durden / Mar 24, 2017 8:39 AM
Core Durable Goods Orders have risen YoY for 3 straight months (after 21 months of decline) but February saw growth slow dramatically (from 4.0% to 2.5%) as the 0.4% MoM gain missed expectations.
Note the peak growth in each of the cycles since the financial crisis has been slowing (red line).
Even more concerning is Capital Goods New Orders (non-defense, ex-aircraft) declined 0.1% MoM – the first drop since September.
The post More ‘Hard’ Data Disappointment: Core Durable Goods Order Growth Slows, Capital Goods Decline appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/03/24/more-hard-data-disappointment-core-durable-goods-order-growth-slows-capital-goods-decline/
