Durables Goods Orders Bounce After July Collapse, Aircraft Orders To The Rescue Again

Following July's collapse in Durable Goods Orders (post-Boeing hangover), hope was high for a rebound in August (despite Harvey and Irma's impact) and preliminary data showed a better than expected 1.7% MoM rise.

July's plunge was the worst since Aug 2014's post-Boeing hangover... August preliminary data showed a 1.7% rise (against expectations of a 1.0% gain).

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Among the biggest drivers of this rebound was non-defense aircraft orders which jumped 44.8% MoM

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And finally, just a quick reminder that fun-durr-mentals don't matter (for now)...

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