Recession Watch – Durable Goods Growth Slows In July, Core Capex Orders Decline 6 Straight Months

Wednesday, August 26, 2015
By Paul Martin

by Tyler Durden


Durable Goods Orders rose a better than expected 2.0% in July (but that is notably slower than the 4.1% revised growth in June). Non-defense Capital Goods growth remains stagnant as core capex orders have now been in deceline 6 straiught months year-over-year. Furthermore, on a non-seasonally-adjusted basis, YoY Durable Goods New Orders collapsed 20.4% – the worse level since the financial crisis as last year’s Boeing orders outlier washes out of the numbers… but even ex-Transports the numbers remain recessionary-ugly.

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