Analysts at TD Securities are expecting the US durable goods orders to dip -3.0% m/m in April, giving back part of its strong 2.6% gain in March.
Key Quotes
“A large decline in the nondefense aircraft segment (driven by Boeing woes) and a drop in vehicles orders are likely to drag the headline measure lower. We also pencil in a -0.4% m/m retreat in durable goods ex-transportation and a larger -0.8% slide in core capex orders.”
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