Durable Goods Orders Tumble (Again) In May, Still 5% Below 2007 Peak

Monday, June 26, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jun 26, 2017

Following a big drop in April (revised worse), May’s preliminary durable goods orders tumbled 1.1% MoM (the worst since November). Across the entire report, numbers disappointed with Capital Goods Orders and Shipments both dropping considerably more than expected.

And as a reminder, the need for durable goods orders remains entirely irrelevant to America’s economy (if the latter is judged by the stock market as The Fed and so many others appear to do)…

Durable Goods Orders remain 5% below 2007’s peak (while the S&P is 55% above its 2007 peak).

The Rest…HERE

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