Core Capital Goods Orders Plunge Most In 13 Months

Wednesday, November 22, 2017
By Paul Martin

by Tyler Durden
Nov 22, 2017

After rebounding from its July jolt, Durable Goods New Orders dramaticaly missed expectations in October (dropping 1.2% vs expectations of a 0.3% rise). Perhaps even more concerning is the drop in Core Capital Goods Orders (-0.5% MoM vs expectations of a 0.5% rise) – the biggest drop in 13 months.

The June/July swing (Boeing orders) and storm bounce has gone and October’s preliminary print suggests a slowdown…

Nondefense aircraft orders -18.6%

Defense aircraft orders -11.3%

Removing the impact of aircraft orders and defense spending, we have a problem in the real economy…

The Rest…HERE

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