Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator.
For reference, here are a few charts depicting this measure.
First, from the St. Louis Fed site (FRED), a chart through January, last updated on February 28. This January value is 206,090 ($ Millions) :
Here is the chart depicting the measure on a Percentage Change from a Year Ago basis:
Lastly, a chart from Doug Short’s post of February 28 titled “Durable Goods Orders Down a Stunning 4%, Far Below Expectations” showing the Durable Goods New Orders vs. the S&P500:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1373.44 as this post is written