War-Spending Sparks Durable Goods Orders Rebound In February

Following January’s disappointing plunge (-3.6% MoM), expectations were for a 1.6% rebound in durable goods orders, but the print surprised to the upside, jumping 3.1% MoM. The ‘ex’ data also doubled expectations in the preliminary Feb release.

The volatility continues in durable goods orders…

But notably, YoY was flat at +9.1%…

And the big driver of February’s rebound – simple, war!

Defense Aircraft and parts orders: +37.7% MoM…

And Defense Capital Goods new orders: +16.5% MoM )

War.. is peace?

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TLB published this article from ZeroHedge with our thanks to Tyler Durden for the analysis.

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