Core Durable Goods Orders Extend Longest Non-Recessionary Streak In US History As Business Spending Plunges

Thursday, October 27, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Oct 27, 2016

For the 21st straight month, Core Durable Goods Orders contracted YoY – the longest in US history outside of a recession. Business spending proxy segment of the report, New Orders non-defense, ex-aircraft plunged 1.2% MoM (much worse than the -0.1% expectation) and down 3.6% YoY.

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