Wednesday, June 24, 2009

Durable Goods Jump = Aircraft Spike

As I mentioned via Twitter, Durable Goods jumped unexpectedly due to aircraft orders. The WSJ with the details:

Manufacturers' orders for durable goods increased by 1.8% last month to a seasonally adjusted $163.92 billion, the Commerce Department said Wednesday.

Wall Street expected a big decrease. Economists surveyed by Dow Jones Newswires had projected orders in May would fall 0.8%.

Durable goods less aircraft was flat to April, still above expectations.

Source: Census