Durable Goods Order/Claims

Karim writes: Durable Goods Order/Claims Durables goods orders +1.9% headline; -1.5% ex-aircraft and defense (this is the measure used for the private sector capex component of GDP) Defense up 23.2% m/m; here are the prior 3mths for defense orders in 2009 (-11%;+33%;-40%) Shipments ex-defense -0.3% Inventories -0.8% (unexpected as most felt inventory drawdown was over in Q1) Initial claims fall [...]