Wednesday, September 28, 2016

Durable Goods New Orders – Long-Term Charts Through August 2016

Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator.
For reference, below are two charts depicting this measure.
First, from the St. Louis Fed site (FRED), a chart through August 2016, updated on September 28, 2016. This value is $226,937 ($ Millions):
(click on charts to enlarge images)
Durable Goods New Orders August 2016
Second, here is the chart depicting this measure on a “Percentage Change from a Year Ago” basis:
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 September 28, 2016;
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.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2156.02 as this post is written

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