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 June 2020, updated on July 27, 2020. This value is $206,873 ($ Millions):
(click on charts to enlarge images)
![Durable Goods New Orders](https://www.economicgreenfield.com/wp-content/uploads/2020/07/DGORDER_7-27-20-206873.png)
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Second, here is the chart depicting this measure on a “Percentage Change from a Year Ago” basis, with a last value of -12.7%:
![Durable Goods New Orders Percent Change From Year Ago](https://www.economicgreenfield.com/wp-content/uploads/2020/07/DGORDER_7-27-20-206873-12.7-Percent-Change-From-Year-Ago.png)
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 July 27, 2020;
http://research.stlouisfed.org/fred2/series/DGORDER
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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.
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 3233.47 as this post is written
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