"US Durable Goods Orders Surge, Defying Expectations and Signaling Economic Rebound"
TL;DR Summary
The Commerce Department significantly revised March durable goods orders from +2.6% to +0.8%, and April saw a 0.7% increase, driven mainly by transportation equipment. Despite these gains, inflation-adjusted data shows that real new orders and shipments are declining, indicating potential economic weakness. Consistent negative revisions in economic data, including new home sales and job reports, suggest a possible recession.
Topics:business#commerce-department#durable-goods#economic-data#economics#revisions#transportation-orders
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