{"id":1479391,"date":"2024-07-25T12:43:44","date_gmt":"2024-07-25T16:43:44","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1479391"},"modified":"2024-07-25T12:43:44","modified_gmt":"2024-07-25T16:43:44","slug":"us-durable-goods-orders-plunged-in-june-as-non-defense-spending-crashed","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/us-durable-goods-orders-plunged-in-june-as-non-defense-spending-crashed\/1479391\/","title":{"rendered":"US Durable Goods Orders Plunged In June As Non-Defense-Spending Crashed"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">US Durable Goods Orders Plunged In June As Non-Defense-Spending Crashed<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>The headline US durable goods new orders print for preliminary June data was a disaster &#8211; plunging 6.6% MoM (vs expectations of 0.3% MoM rise!). That dragged goods orders down<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm7DBC_0.jpg?itok=A7AiyAiq\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>However, through the rose-colored glasses of everything&#8217;s still awesome, core durable goods orders surprised to the upside (+0.5% MoM vs +0.1% exp, rebounding from May&#8217;s 0.1% MoM decline)&#8230;<\/p>\n<p>While war spending rose, non-defense spending is plunging&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmF58E.jpg?itok=hrBXlP0P\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Doesn&#8217;t seem like it&#8217;s supporting the big AI Capex boom narrative too much?<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Thu, 07\/25\/2024 &#8211; 08:43<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/economics\/us-durable-goods-orders-plunged-june-non-defense-spending-crashed\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/economics\/us-durable-goods-orders-plunged-june-non-defense-spending-crashed<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Durable Goods Orders Plunged In June As Non-Defense-Spending Crashed The headline US durable goods new orders print for preliminary June data was a disaster&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1479392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1479391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1479391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1479391"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1479391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1479392"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1479391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1479391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1479391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}