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"US Durable Goods Orders Surge, Defying Expectations and Signaling Economic Rebound"

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Source: Mish Talk
"US Durable Goods Orders Surge, Defying Expectations and Signaling Economic Rebound"
Photo: Mish Talk
TL;DR

The Commerce Department significantly revised March durable goods orders from +2.6% to +0.8%, and April saw a 0.7% increase, driven mainly by transportation equipment. Despite these gains, inflation-adjusted data shows that real new orders and shipments are declining, indicating potential economic weakness. Consistent negative revisions in economic data, including new home sales and job reports, suggest a possible recession.

Topics:businesseconomics#commerce-department#durable-goods#economic-data#economics#revisions#transportation-orders
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  1. Another Massive Revision, This Time Durable Goods, What's Going On  Mish Talk
  2. US core capital goods orders rise, inflation expectations improve  Reuters
  3. Business Spending Increases More Than Expected  PYMNTS.com
  4. US durable goods orders defy economists’ predictions  Greater Baton Rouge Business Report
  5. U.S. durable goods see third straight month of gains in a potential sign slump may be ending  MarketWatch

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