26 Aug 2015
A rebound in US core orders expected - RBS
FXStreet (Bali) - RBS trading desk economists anticipate a 1.5% m/m rebound in US core orders (excluding defense and civilian aircraft), due at 12.30 GMT today.
Key Quotes
"Durable goods orders for July are released today in the US. The volatile defense and civilian aircraft categories may have held down the headline index, but our trading desk economists anticipate a 1.5% m/m rebound in core orders (excluding defense and civilian aircraft)."
"Seasonal adjustments surrounding the auto industry are difficult around this time given the timing of auto-plant retoolings, and similar to other indices where the auto sector has outperformed due in part to fewer shutdowns than normal, orders in the auto sector may show strength in July."
Key Quotes
"Durable goods orders for July are released today in the US. The volatile defense and civilian aircraft categories may have held down the headline index, but our trading desk economists anticipate a 1.5% m/m rebound in core orders (excluding defense and civilian aircraft)."
"Seasonal adjustments surrounding the auto industry are difficult around this time given the timing of auto-plant retoolings, and similar to other indices where the auto sector has outperformed due in part to fewer shutdowns than normal, orders in the auto sector may show strength in July."