Durables Goods New Orders Actually Declined -2.2% YoY, Biggest YoY Drop Since COVID Lockdowns (Biden Considering Declaring A National Climate Emergency)
by confoundedinterest17 Manufacturer’s Durable Goods New Orders growth peaked in April 2021, thanks in part to M2 Money Growth peaking in February 2021. And its been all downhill since then. Preliminary March data showed a slightly better than expected 2.6% MoM rise (2.5% exp) in the headline orders print. However, thanks to the downward revisions, Durable goods …