US durable goods release brought positive news for Q3 GDP – Natixis

Natixis Economic Research team says the September US durable goods report carried positive news for Q3 GDP given the capital good shipments excluding defense and inventories rose during the month.

Key quote

Durable goods orders (-0.1% MoM) came in very close to expectations (consensus 0.0% / Natixis: -0.2%) in September.

Even though the headline was close to expectations today’s report brought positive news for Q3 GDP growth (with an upward risk on our 2.4% QoQ ar forecast). Otherwise, the trend remains slightly positive for durable goods orders in line with our scenario of a moderate recovery in corporate investment in the next quarters.