Economic Collapse

[basserdan]

8:30a Durable Goods
New Orders - M/M 1.8% actual vs 0.5% (rev) prior
Ex-Transportation - M/M 0.2% actual vs 0.8% (rev) prior
Core Capital Goods - M/M 0.5% actual vs 0.3% (rev) prior

Consensus Outlook
Durable goods orders flattened out in July reflecting weakness in transportation. A headline rebound of 0.6 percent is expected for August, a moderate-to-solid 0.4 percent gain excluding transportation, but only a soft 0.2 percent rise for core capital goods.

Definition
Durable goods orders are new orders placed with domestic manufacturers for factory hard goods. The report also contains information on shipments, unfilled orders and inventories. The advance release provides early estimates and is revised about a week later by the factory orders report.