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US Durable Goods Orders Plunged In June As Non-Defense-Spending Crashed
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 - plunging 6.6% MoM (vs expectations of 0.3% MoM rise!). That dragged goods orders down Source: Bloomberg However, through the rose-colored glasses of everything's still awesome, core durable goods orders surprised to the upside ( 0.5% MoM vs 0.1% exp, rebounding from May's 0.1% MoM decline)... While war spending rose,
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