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Core Durable Goods Orders Tumble Most In A Year

 

Core Durable Goods Orders Tumble Most In A Year

Courtesy of Zero Hedge

While headline durable goods orders showed a 2.9% MoM surge, but away from aircraft orders and war-spending, capital goods orders dropped 0.3% MoM in December – the most in 12 months.

But this surge was all thanks to aircraft and war-spending:

  • Bookings for commercial aircraft climbed 15.9% MoM
  • Orders for Aircraft Engine and Enegine Parts rose 24.4% MoM
  • Defense capital goods orders increased 19.5% MoM
  • Defense aircraft and parts soared 55.3% MoM

So, at the core, orders tumbled most in a year…

In other words, we're gonna need more war to get that GDP up over 3.0%…


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