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US Durable Goods Orders Beat In September, Remain Lower Year-Over-Year

US Durable Goods Orders Beat In September, Remain Lower Year-Over-Year

Tyler Durden

Tue, 10/27/2020 – 08:35

August’s significant slowdown in the rebound of US Durable Goods Orders was expected to continue in early September data, but instead the Census Bureau printed a big surprise beat, rising 1.9% MoM (against +0.5% exp).

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Source: Bloomberg

However, headline durable goods orders remain (marginally) lower on a YoY basis (-0.4%) and below February’s pre-COVID levels…

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Source: Bloomberg

Core capital goods orders, a barometer for business investment which excludes aircraft and military categories, rose 1% in September, also more than forecast, after an upwardly revised 2.1% advance a month earlier.

Finally, we note that there is a significant rise in inventories relative to shipments across many sectors…

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If you build it, they will come? They better!!


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About The Author

Tyler Durden

Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom. Visit https://www.zerohedge.com

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