{"id":1486007,"date":"2024-08-26T12:39:56","date_gmt":"2024-08-26T16:39:56","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1486007"},"modified":"2024-08-26T12:39:56","modified_gmt":"2024-08-26T16:39:56","slug":"boeing-bounce-us-durable-goods-orders-soar-most-since-covid-after-june-doom","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/boeing-bounce-us-durable-goods-orders-soar-most-since-covid-after-june-doom\/1486007\/","title":{"rendered":"Boeing Bounce: US Durable Goods Orders Soar Most Since COVID After June Doom"},"content":{"rendered":"

Boeing Bounce: US Durable Goods Orders Soar Most Since COVID After June Doom<\/span><\/p>\n

\n

After June’s Boeing-driven collapse, US Durable Goods Orders were expected to rebound strongly in July (preliminary data released today) and they did – jumping 9.9% MoM (vs +5.0% exp) from June’s 6.9% MoM plunge. That is the biggest MoM jump in orders since July 2020’s post-COVID lockdown bounce…<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

However, ex-Transports, orders dropped 0.2% MoM <\/strong>(worse than the 0.1% decline expected) and leaving core orders up just 0.6% YoY…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Once again it seems like it’s all Boeing (one way or the other)…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

So what happens in August as the new planes go under inspection…?<\/p>\n

Finally, orders placed with US factories for business equipment declined in July and the prior month\u2019s gain was revised lower, suggesting firms are more guarded about investment.<\/strong><\/p>\n

<\/a><\/strong><\/p>\n

The value of\u00a0core capital goods\u00a0orders, a proxy for investment in equipment that exclude aircraft and military hardware, decreased 0.1% last month after a revised 0.5% gain in June,<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nMon, 08\/26\/2024 – 08:39<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/economics\/boeing-bounce-us-durable-goods-orders-soar-most-covid-after-june-doom<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Boeing Bounce: US Durable Goods Orders Soar Most Since COVID After June Doom After June’s Boeing-driven collapse, US Durable Goods Orders were expected to rebound…<\/p>\n","protected":false},"author":0,"featured_media":1486008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1486007","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\/1486007","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=1486007"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1486007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1486008"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1486007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1486007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1486007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}