Core Capital Goods Orders Plunge Most In 13 Months

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…

This post was published at Zero Hedge on Nov 22, 2017.