Durable Goods Orders Show Extent of Weakness

United States durable goods orders came down 14.4% (vs 11.8% expected) to $213 billion in March, the weakest number since 2014.

Core durable goods orders declined by 0.2 % in March.

Orders fall, inventories rise. The decline is simply staggering.

About Daniel Lacalle

Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Author of bestsellers "Life In The Financial Markets" and "The Energy World Is Flat" as well as "Escape From the Central Bank Trap". Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Frequent collaborator with CNBC, Bloomberg, CNN, Hedgeye, Epoch Times, Mises Institute, BBN Times, Wall Street Journal, El Español, A3 Media and 13TV. Holds the CIIA (Certified International Investment Analyst) and masters in Economic Investigation and IESE.

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