US December sturdy items orders -2.2% vs +Zero.6% anticipated

• Prior was -1.2% (revised to -2.Zero%)
• Nondefense capital items orders ex-air +Zero.5% vs +Zero.three% anticipated
• Prior nondefense capital items orders ex-air +Zero.7% (revised to +Zero.9%)
• Ex transport +Zero.three% vs +Zero.four% anticipated
• Ex protection -2.four% vs -Zero.three% anticipated

The headline is comfortable but it surely appears prefer it was pushed by weak protection orders. The road to observe is the core orders (nondefense capital items orders ex-air) which rose above the consensus and caught an upward revision to the prior. Feedback in most PMIs have been upbeat because the election and there is possible some front-running of tariffs.

This text was written by Adam Button at www.ubaidahsan.com.



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