*SCALPSWINGSTRADDLE*

[Zephyr]

Durable Goods Orders
Released On 6/25/2014 8:30:00 AM For May, 2014
Prior Prior Revised Consensus Consensus Range Actual
New Orders - M/M change 0.8 % 0.8 % 0.4 % -1.7 % to 1.0 % -1.0 %
Ex-transportation - M/M 0.1 % 0.4 % 0.3 % 0.1 % to 0.7 % -0.1 %
Highlights
Durables orders were much weaker than expected for May. Durables orders fell 1.0 percent in May after rising 0.8 percent in April. Analysts forecast 0.4 percent. Excluding transportation, orders slipped 0.1 percent, following a 0.4 percent gain in April. Market expectations were for 0.3 percent.

On a positive note, there was improvement in equipment investment. Nondefense capital goods orders excluding aircraft rebounded 0.7 percent in May after decreasing 1.1 percent the month before. Shipments of this series rebounded 0.4 percent after a 0.4 percent dip in April.