Recession Watch – Durable Goods Growth Slows In July, Core Capex Orders Decline 6 Straight Months
by Tyler Durden
ZeroHedge.com
08/26/2015
Durable Goods Orders rose a better than expected 2.0% in July (but that is notably slower than the 4.1% revised growth in June). Non-defense Capital Goods growth remains stagnant as core capex orders have now been in deceline 6 straiught months year-over-year. Furthermore, on a non-seasonally-adjusted basis, YoY Durable Goods New Orders collapsed 20.4% – the worse level since the financial crisis as last year’s Boeing orders outlier washes out of the numbers… but even ex-Transports the numbers remain recessionary-ugly.
The Rest…HERE
