Recent History Of This Indicator:
Durable orders have been up and down with forecasts no less so. The range for May orders is between a 2.5 percent drop and a 4.9 percent surge with the ex-transportation range also wide, at minus 0.8 to plus 0.5 percent. Monthly swings aside, trends in this report have been flat with capital goods, however, turning lower in what is a negative indication for business investment.
Durable orders have been up and down with forecasts no less so. The range for May orders is between a 2.5 percent drop and a 4.9 percent surge with the ex-transportation range also wide, at minus 0.8 to plus 0.5 percent. Monthly swings aside, trends in this report have been flat with capital goods, however, turning lower in what is a negative indication for business investment.
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