Due to base effects, Durable Goods Orders surged 25.6% YoY, the biggest jump since 2014 (big Boeing orders).
Core capital goods orders, a category that excludes aircraft and military hardware and is seen as a barometer of business investment, rose just 0.9% (almost half the expected 1.7% jump) after a revised 0.8% decline.
Mon, 04/26/2021 – 08:37
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Author: Tyler Durden