Sep 24

Recession Countdown: Durable Goods Orders Drop Most Since March, Shipments Tumble:

Durable Goods New Orders dropped 2.0% MoM in August, the biggest drop since March (but modestly beat expectations of a 2.3% drop). This extends the ex-transports YoY losing streak to 7 months of declines flashing recessionary warnings left and right. Perhaps most notable is the 0.2% drop in Capital goods Shipments (dramatically missing expectations of a 0.5% rise) and the weakest print since May.

 

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One Response to “Recession Countdown: Durable Goods Orders Drop Most Since March, Shipments Tumble”

  1. squodgy Says:

    The BIG ECONOMIC PICTURE

    https://www.youtube.com/watch?v=o0PO5CY4fpk&feature=youtu.be

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