Loading ...“Shadow Of The Crisis Has Not Passed”: Durables Goods Orders Collapse
Tyler Durden’s pictureSubmitted by Tyler Durden on 01/27/2015 08:38 -0500
Following November’s across the board ugliness in Durable Goods data, the hockey-stick extrapolators all positioned for the bounce back… Only 1 of 57 economists expected a negative print! But the actual data was a total disaster. Against expectations of a 0.3% rise (following last month’s 0.7% drop), December printed down 3.4% and November was revised drasticaly lower to down 2.1%. This is the lowest durable goods ex-transports since March.
The breakdown:
Durables: -3.4%, Exp. +0.3%, Last revised from -0.7% to -2.1%
Durables ex transports: -0.8%, Exp. +0.6%, Last revised from -0.4% to -1.3%
Core Cap Goods Orders: -0.6, Exp. 0.9%, Last revised from 0.0% to -0.6%
Core Cap Goods Shipments: -0.2%, Exp. 1.0%, Last revised from 0.2% to -0.5%
more http://www.zerohedge.com/news/2015-01-27/shadow-crisis-has-not-passed-durables-goods-orders-collapse