April 2011 Durable Goods Suggest Economic Cycle Change

Econintersect warned in its April 2011 economic forecast that the economy was at a cycle peak.  April 2011 advance durable goods new orders were weak, but what should catch your eye is the break in the trend line of order backlog (unfilled orders).  Caution:  One month is not a trend and we have to see May …

Sharp Improvement in Durable Goods Manufacturing in March 2011

Durable Goods (manufactured goods whose usefulness continues for years) new orders sharply improved in March 2011 breaking the “less good” downtrend. The U.S. Census Bureau reported that new orders for manufactured durable goods increased $5.0 billion or 2.5 percent in March. The increase from March 2010 was slightly greater than 12%.