Loading ...Durables Goods, Excluding Bumper Boeing Orders, Suffer Biggest Drop Of 2014
Submitted by Tyler Durden on 08/26/2014 08:40 -0400
The headline print of a record-breaking 22.6% gain – smashing the 8.0% expectation – hides the extremely obvious factor of the largest civilian aircraft orders (an entirely one-off non-repeatable factor). Durables ex Transportation collapsed from a 3% gain to a 0.8% drop – the biggest drop in 2014, missing expectations by the most in 8 months. Perhaps even more concerning, non-defense ex-aircraft new orders dropped 0.5% (missing expectations of a 0.2% gain).
http://www.zerohedge.com/news/2014-08-26/durables-goods-ex-boeing-plunge-2014-lows