Us Capital Goods Orders and Shipments Likely to Continue Trend Upwards

Quotes from Capital Economics:

- The modest 0.8% m/m rise in durable goods orders in April was largely due to an unexpectedly strong surge in defence orders. Indeed, excluding defence, orders actually fell by 0.8% m/m, almost exactly matching the consensus forecast of a 0.7% decline. 

- Nevertheless, after the upward revision to the gain in March, which is now estimated to have been as strong as 3.6% m/m, the overall picture is still encouraging.

- Overall, with the survey evidence strengthening markedly over the past few months, we would expect to see capital goods orders and shipments continuing to trend upwards. Second-quarter growth in equipment investment should be notably better.  

Published: 2014-05-27 17:27:00 UTC+00

Us Capital Goods Orders and Shipments Likely to Continue Trend Upwards