Core orders up 0.2% vs. 0.3% exepcted. Series is too volatile for this to mean much.
had it been higher you would still be crowing. Look at durable goods ex-defense and aircraft. Down a whopping 1.3% which is 2% lower than +0.7% expectations.
This means the consumer economy is contracting and the military is the only growth going on. Boeing having issues with 777's will not help either.
The core number is the one that matters. You're looking at the wrong number. Came ni at +0.2% vs. +0.3% expected.
Yes, and market was expecting much, much more. We are green in pre market but I think as the day wears on Spy could finish in the red. Durable Orders were only up on aircraft orders - which means U.S. economy ain't doing squat.
core capital goods were solidly in negative column despite better "weather"