Durable Goods Orders Crash Most In 2 Years – Longest Non-Recessionary Streak Of Declines In US History

by Tyler Durden
ZeroHedge.com
Jul 27, 2016

Despite the longest winning streak for US macro data in US history, Durable Goods Orders collapsed in June. The 4% MoM plunge (vs -1.4% exp) is the biggest drop since Aug 2014. This represents a 6.6% YoY crash – the biggest drop since July 2015. The drop appears driven by plunge in airplane orders (non-defense aircraft and parts). Worse still, core durable goods orders extended their annual declines to 18 months straight – the longest non-recessionary streak of declines in US history.

The Rest…HERE

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