June durables positive lead in to tomorrow’s Q2 GDP report

June durables positive lead in to tomorrow’s Q2 GDP report

Headline durable goods order climbed 6.5% in June. That’s well above the 2.9% increase expected by economists surveyed by Briefing.com, and quite a turnaround from the revised 0.1% drop recorded in May. But the headline numbers weren’t nearly as good as they seemed. Orders Ex-transport (that is once you discounted the huge month to month swings that the timing of aircraft orders can produce in this data) were up only 0.2%

Notes You Need for July 28: Earnings beats, savings rate, dollar, euro, rig count, China PMI, copper

Notes You Need for July 26: Amazon in India, fintech, China corporate debt, weak dollar earnings, Facebook smart speaker, UK diesel and gas vehicle ban, new home sales, U.S.farmland

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