Despite the disappointment, that was still the biggest MoM jump since January, bolstered by a sizable pickup in orders for planes and motor vehicles.
Orders excluding transportation equipment rose only 0.3%, slowing dramatically from the past two months…
All of which pushed the total amount of durable goods orders back just shy of the 2019 peak…
All of which is a little less exuberant than the record-breaking Manufacturing PMI print we saw yesterday.
Thu, 06/24/2021 – 08:46
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Author: Tyler Durden