Durable Boring
Durable goods orders were up a seasonally-adjusted 6.5% in the month of June 2017. Nearly all of that gain, however, was due to a jump (131%) in new orders for civilian aircraft. That meant demand for transportation equipment, a highly volatile segment, rose 19% in the month. Excluding all that, durable goods were up just 0.2% month-over-month. Sentiment indicators like [...]
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