Friday, September 27, 2019

Durable Goods New Orders – Long-Term Charts Through August 2019

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 2019, updated on September 27, 2019. This value is $250,670 ($ Millions):
(click on charts to enlarge images)
DGORDER 250670
Second, here is the chart depicting this measure on a “Percentage Change from a Year Ago” basis, with a last value of -3.0%:
DGORDER 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 September 27, 2019;
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 2959.51 as this post is written

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