New Orders in Durable Goods, advance report, dropped -4.0% for January 2012. December durable goods new orders jumped by 3.2%, revised. While some will blame a business tax credit expiration, this report is across the board bad news.
New Orders in Durable Goods, advance report, increased +3.0% for December 2011. November durable goods new orders jumped by 4.3% and October was a 0.1% increase. This means for all of Q4, we have an increase in durable goods new orders.
New Orders in Durable Goods decreased -0.7% for October 2011. New Orders has declined the last two months and August was barely breathin'. September durable goods were revised dramatically downward and new orders decreased -1.5%.
New Orders in Durable Goods decreased -0.1% for August 2011. New Orders has declined the last three months out of five. July durable goods new orders were revised from +4.0% to +4.1% increase.
New Orders in Durable Goods jumped to an astounding 4.0% for July 2011. New Orders has declined the last two months out of four. June durable goods new orders were revised from -2.1% to a -1.3% decrease. But wait.....sorry to pop your balloon....
The Durable Goods report (M3) for November was released on December 24th. The two graphs below show Durable goods since 1992 and then just for this recession period. Regardless of the trend, one can see we have a long way to go on new orders to get back to some real growth indicators.
New orders for manufactured durable goods in July increased $7.8 billion or 4.9 percent to $168.4 billion, the U.S. Census Bureau announced today. This was the third increase in the last four months and the largest percent increase since July 2007. This followed a 1.3 percent June decrease. Excluding transportation, new orders increased 0.8 percent. Excluding defense, new orders increased 4.3 percent.
Yeah, Yippee, rah, recovery here we come. Oops, not so fast.
Firstly, the above initial press release only gives aggregate data points.
Recent comments