US September durable goods orders -0.8% versus -1.0% expected

• Prior month 0.0% revised sharply lower to -0.8%
• Durable goods orders -0.8% versus 1.0% expected
• Prior month ex transportation 0.5% revised to +0.6%
• Ex Transportation 0.4% versus -0.1% expected
• Non-Defense cap Ex air 0.5% versus 0.1% expected. Prior month 0.2%
• Durable goods ex defense -1.1% versus -1.3% last month (revised sharply lower from -0.2%)

Ex transportation may have had an impact from the Boeing strike. Big revisions prior month. The Non-Defense Cap ex air at +0.5% is a good number and should increase Q3 growth as a result.

This article was written by Greg Michalowski at www.forexlive.com.