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25 May 2015
US durable goods orders expected to show a decrease – Nomura
FXStreet (Barcelona) - David Fritz, Strategist at Nomura, previews the key data releases in the US for the week ahead – the April durable goods orders release and the GDP estimate.
Key Quotes
“In the US, main data releases include durable goods and capital goods orders on Tuesday. Here our economists are below consensus, with durable goods expected to show a decrease for the month of April of 0.7% versus a consensus expectation of a decrease of 0.5% (+0.2% Nomura versus +0.4% consensus for durables ex transportation). Orders have been weak generally due to low energy prices, strong dollar and West Coast port disruptions, and transportations are expected to be weak as nondefense aircraft and parts orders declined, offsetting an increase in motor vehicle assemblies.”
“The US GDP estimate on Friday is expected to show a revision lower from 0.2% to -0.9%.”
Key Quotes
“In the US, main data releases include durable goods and capital goods orders on Tuesday. Here our economists are below consensus, with durable goods expected to show a decrease for the month of April of 0.7% versus a consensus expectation of a decrease of 0.5% (+0.2% Nomura versus +0.4% consensus for durables ex transportation). Orders have been weak generally due to low energy prices, strong dollar and West Coast port disruptions, and transportations are expected to be weak as nondefense aircraft and parts orders declined, offsetting an increase in motor vehicle assemblies.”
“The US GDP estimate on Friday is expected to show a revision lower from 0.2% to -0.9%.”