Following last month's plunge in headline durable goods orders, preliminary May data was expected to surge on the back of plane orders following Trump's visit to the MidEast (and the Paris Air Show).

And they were right but the magnitude is incredible - orders rose a stunning 16.4% MoM, the biggest jump since July 2014...

This was all driven by non-defense aircraft orders... which rose 230% MoM..

...as 'ex-transports', orders rose just 0.5% MoM (still better than expected)...

Capital goods shipments rose 0.5%, excluding defense and commercial aircraft, better than expected, adding to Q2 GDP growth hopes.

all driven by non-defense aircraft orders... which rose 230% MoM..
{ai:summary}Durable goods orders saw a remarkable increase of 16.4% month-over-month, the largest rise since July 2014, largely propelled by a 230% surge in non-defense aircraft orders. This spike follows heightened expectations after Trump's Middle East visit and the Paris Air Show.Additionally, capital goods shipments rose by 0.5%, excluding defense and commercial aircraft, which is better than anticipated and contributes positively to Q2 GDP growth projections. #economy

Boeing Binge-Buying Sparks Biggest Jump In US Durable Goods Orders In 11 Years

Loading...