HALISTER1: U.S. ECO PREVIEW: Durables Goods Orders Due in 5 Minutes

U.S. ECO PREVIEW: Durables Goods Orders Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Durables 1% m/m; range -6.8% to 3.5% (75 estimates)
  • Durables Ex- Trans 0.2% m/m; range -0.5% to 0.8% (56 estimates)
  • Cap Gds Nondef Ex Air 0.3% m/m; range -0.6% to 0.6% (21 estimates)
  • Cap Gds Ship Nondef Ex Air 0.1% m/m; range -0.5% to 0.9% (7 estimates)
    • "Core durable goods orders and shipments have drifted steadily higher since mid-2016, after languishing in a listless trend for a little more than four years prior. That upward trajectory should continue as demand for goods related to the post-hurricane recovery effort increases”: Bloomberg Intelligence
    • In July, durable goods orders dropped 6.8 percent, the third month in four without an increase
To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

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Source: BFW (Bloomberg First Word)

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