Friday, December 21, 2018

Durable Goods New Orders – Long-Term Charts Through November 2018

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 November 2018, updated on December 21, 2018. This value is $250,827 ($ Millions):
(click on charts to enlarge images)
Durable Goods New Orders chart
Second, here is the chart depicting this measure on a “Percentage Change from a Year Ago” basis, with a last value of 5.3%:
Durable Goods New Orders 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 December 21, 2018;
I post various indicators and indices because I believe they should be carefully monitored.  However, as those familiar with this site 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 2477.27 as this post is written

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