8:30a Durable Goods New Orders - M/M change -2.1% actual vs 1.7% (revised) prior Ex-transportation - M/M 0.0% actual vs -0.5% (revised Prior Core capital goods - M/M change -0.9% actual vs 0.3% (revised) prior
Consensus Outlook Boeing cancellations tied to the grounding of the 737 Max are the wild card in April's report with some forecasters predicting a very large headline decline. Forecasters in sum see durable goods orders falling 2.2 percent in April following a very healthy March report where total orders jumped 2.6 percent (revised from an initial 2.7 percent). A great strength of March's report was a 1.4 percent jump in core capital goods orders (revised from 1.3 percent) which, limited by this tough monthly comparison, are expected to rise only 0.1 percent in April. For ex-transportation orders, a 0.1 percent decrease is expected.
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.
Monthly fluctuations in durable goods orders are frequent and large and skew the underlying trend in the data. In fact, even the yearly change must be viewed carefully because of the volatility in this series. Data Source: Haver Analytics
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