Despite Trump Hope, Durable Goods Tumbles Most Since Aug 2014 As Non-Defense Orders Crash

by Tyler Durden
ZeroHedge.com
Dec 22, 2016

Despite exuberance in soft “survey” data post-Trump, as hope for change re-appears, “hard” data continues to disappoint with Industrial production weakness and now durable goods orders tumbling 4.6% MoM (slightly better than expected -4.8%) – the biggest drop since Aug 2014. Durable Goods New Orders decline YoY once again (-0.5%) as ex-defense orders crashed 6.6% MoM (-2% YoY).

The Rest…HERE

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