Durable Goods New Orders Are Not Good in March 2013

Written by Steven Hansen The headlines say the durable goods sector declined significantly in March. This analysis says the data is very soft if one ignores civilian aircraft. Econintersect Analysis: new orders down 2.6% month-over-month, and down 1.4% year-over-year Inflation adjusted new orders are down 2.0% month-over-month, and down 0.2% year-over-year (same as last month) …

Durable Goods New Orders Are Mixed in February 2013

Written by Steven Hansen The headlines say the durable goods sector improved significantly in February. This analysis says the data is very soft if one ignores civilian aircraft. Econintersect Analysis: new orders up 1.2%  month-over-month, and up 1.2% year-over-year (no typo, month and year same percentage) Inflation adjusted new orders are up 4.6% month-over-month, and …

Durable Goods New Orders Show Mixed Picture in January 2013

Written by Steven Hansen The Headlines say the durable goods sector declined significantly in January. This analysis says the decline was less – but durable goods spending is below January 2012 levels. The rose in this data is that non-defense capital spending was very strong. Econintersect Analysis: new orders down 0.5% (down a revised 0.0% …

Durable Goods New Orders Are Less than Good in December 2012

Written by Steven Hansen The Headlines say the durable goods sector improved in December.  This analysis says the opposite as the unadjusted new orders are barely above December 2011 levels. The headlines say backlog improved marginally this month  – but the unadjusted data says backlog improved significantly (mostly caused by defense). Backlog is THE indicator …

Durable Goods New Orders Beat Expectations but Still Not Good In November 2012

Written by Steven Hansen Durable goods sector improved in November – according to headlines.  Even with the improvement, this sector of the economy’s analysis remains in a downtrend. This analysis is worse than the headline data. The headlines say backlog improved marginally this month – but remains in a short term down trend. Backlog is …