Durable Goods Orders (Aug.) & GDP (Q2 3rd Est.)

Don't panic. The massive 13.2% m/m slump in durable goods orders in August was largely due to a drop back in the notoriously volatile commercial aircraft component. In addition, the downward revision to second-quarter GDP growth was mainly due to a bigger drought-related decline in farm inventories, which will eventually be reversed when the drought abates.

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