Tuesday, August 27, 2013

Durable Goods New Orders – Long-Term Charts Through July 2013

Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator.

For reference, below are charts depicting this measure.

First, from the St. Louis Fed site (FRED), a chart through July, last updated on August 26.  This value is 226,620 ($ Millions) :

(click on charts to enlarge images)

DGORDER_8-26-13 226620

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Here is the chart depicting this measure on a “Percentage Change from a Year Ago” basis:

DGORDER_8-26-13 226620 Percent Change From Year Ago
Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis: Manufacturers’ New Orders:  Durable Goods [DGORDER] ; U.S. Department of Commerce: Census Bureau ; accessed August 27, 2013;

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I post various indicators and indices because I believe they should be carefully monitored.  However, as those familiar with this blog are aware, I do not necessarily agree with what they depict or imply.
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The Special Note summarizes my overall thoughts about our economic situation

SPX at 1656.78 as this post is written

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