May Durable Goods Orders Down 2.2%, Core Down 0.3%, ex-Defense Down 0.9%

Core CAPEX Growth

In theory the durable goods orders series should be one of the more important indicators of the economy’s health. However, its volatility and susceptibility to major revisions suggest caution in taking the data for any particular month too seriously.

This article is brought to you courtesy of Doug Short from Advisor Perspectives.

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