Actually, what the poorly written report says is:
Durable goods orders tumbled 4.2 percent . . . after a downwardly revised 1.9 percent increase in February. Economists had forecast orders for durable goods . . . falling 1.7 percent after a previously reported 2.4 percent rise in February. [red numbers go together, and green numbers go together]
The difference wasn't 0.7%, it was 2.5% and the adjustment to the previous month was another 0.5%. The magnitude of the change qualifies as unexpected.
I’m fully expecting the media to spin this as a net positive as a sign of a strengthening recovery.
Looks like a THREE PERCENT “unexpected” error to the worst from the people that the Politicians depend on to get their lies straight.
We are so screwed and Obama still has a 50/50 shot at remaining in Office. We truly live in the Bizarro World.