US Durable Goods Orders m/m

U.S. durable goods orders unexpectedly fell 2.2% in December, extending declines for a second straight month. Aircraft bookings lost altitude, while autos halted yet again, bringing the transportation component down 7.4%. Orders excluding transportation managed to eke out a 0.3% gain. Core capital goods orders ex-defense and aircraft—a gauge for business investment—climbed for a second month in a row, up 0.5%. Meanwhile, the control measure of core shipments (incl. aircraft)—an input for GDP—jumped for the first time in five months, ...

Orders placed with US factories for business equipment rebounded in November, posting the strongest monthly advance in over a year. The value of core capital goods orders, a proxy for investment in equipment excluding aircraft and military hardware, increased 0.7% last month after a revised 0.1% decline in October, government figures showed Monday. The November gain was much stronger than the 0.1% gain anticipated by economists. The data aren’t adjusted for inflation. Bookings for all durable goods — items meant to last at least ...

U.S. PCE inflation heated up a touch in October, in-line with our forecasts and the consensus. PCE inflation increased 0.238% in October up from 0.180% in September with the year-on-year inflation rate increasing to 2.3% from 2.1% in the prior month. Core PCE inflation, the Federal Reserve’s preferred measure of consumer inflation, increased 0.273% at the three-digit level up from 0.261% in September with the year-on-year inflation rate inching up to 2.8% from 2.7% in September and 2.6% in June (the low for the year). No surprises on ...

The dollar is trading quietly, with a slightly firmer today. There has been little follow-through selling after yesterday's setback. The Canadian dollar and sterling are faring best. The yen is a little softer after Tokyo's CPI came in lower as expected due to the government's energy subsidy. The election for the lower house of the Diet is held Sunday. Emerging market currencies are also mostly softer. The JP Morgan Emerging Market Currency Index is poised to settle lower this week for the fourth consecutive week. Australian and New ...

Durable goods orders stalled in August, but earlier strength in aircraft shipments will see business investment take flight again in the current quarter. Orders were unchanged in the month, defying expectations of a pullback following a 9.9% surge in July that was led by aircraft bookings. The latter pulled back in August, offsetting increased orders for defense items, machinery, computers and electronic products, and most other items. Excluding aircraft, nondefense capital goods orders rose 0.2%, retracing the prior month's decline, ...