US Durable Goods Orders Revised Lower... Again!

[Collection]Tyler DurdenUS Durable Goods Orders Revised Lower... Again!

Preliminary data for October shows that headline US durable goods orders fell 0.8% MoM (slightly better than the -1.0% MoM expected), leaving orders down 2.9% YoY...

Source: Bloomberg

Core orders (ex-Transportation) rose 0-.4% MoM (-0.1% exp)

Orders placed with US factories for business equipment declined in preliminary October data and the prior month’s gain was revised lower, suggesting firms are more guarded about investment.

Source: Bloomberg

However, for the 6th month in the last seven, durable goods orders were revised lower (August revised from 0.0% MoM to -0.8% MoM!)...

Source: Bloomberg

How is The Fed - or anyone - supposed to make 'decisions' when the data is revised so aggressively and consistently?

Tyler Durden Fri, 10/25/2024 - 08:39US Durable Goods Orders Revised Lower... Again!

Preliminary data for October shows that headline US durable goods orders fell 0.8% MoM (slightly better than the -1.0% MoM expected), leaving orders down 2.9% YoY...

Source: Bloomberg

Core orders (ex-Transportation) rose 0-.4% MoM (-0.1% exp)

Orders placed with US factories for business equipment declined in preliminary October data and the prior month’s gain was revised lower, suggesting firms are more guarded about investment.

Source: Bloomberg

However, for the 6th month in the last seven, durable goods orders were revised lower (August revised from 0.0% MoM to -0.8% MoM!)...

Source: Bloomberg

How is The Fed - or anyone - supposed to make 'decisions' when the data is revised so aggressively and consistently?

Tyler Durden Fri, 10/25/2024 - 08:39https://www.zerohedge.com/markets/us-durable-goods-orders-revised-lower-again2024-10-25T12:39:30.000Z2024-10-25T12:39:30.000Z