U.S. Durable Goods Orders Rose 3.3% In September
(For September 2010)
Durable good orders rose 3.3% in September vs. 2.0% consensus and -1.0% decrease in August (revised upwards from -1.3%).
Chart 1. U.S. Durable Goods Orders
Transportation taken out the figure was a decrease of 0.8% vs. 1.9% rise in August (revised upwards from 1.9%). The consensus was at +0.5%.
Chart 2. U.S. Durable Goods Orders Ex. Transportation
Exact opposite of last months report ex. transportation figure disappointed while lead figure surprised to the upside. Market seem not responsive. In my view quite ambiguous report.