US April prelim durable goods orders -1.3% vs +0.8% expected

April preliminary US durable goods orders report highlights:

  • Prior was +1.0%
  • Durables ex transportation +1.0% vs +0.7% expected
  • Prior ex transportation +2.3%
  • Capital goods orders non-defense ex-air +2.3% vs +1.0% expected
  • Prior capital goods orders non-defense ex-air +1.0% (revised to +1.6%)
  • Capital goods shipments non-defense ex-air +0.9vs  +0.8% expected
  • Prior capital goods shipments non-defense ex-air +1.3%

Ignore the headline, core orders were very strong.

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