defense

Durable Goods Nosedives in Advance Report

The Durable Goods advance report shows the impact Covad-19 is starting to have on the economy.  New orders dropped by -14.4% as transportation orders plunged 41% in a month.  Shipments also were negative with a -4.5% drop.  The airline industry is obviously decimated as the nondefense new orders for aircraft and parts sank by a whopping -295.7%!

February Durable Goods Drops By -2.8%

The Durable Goods, advance report shows another decline in manufactured durable goods new orders for February.  New orders dropped by -2.8% and has been down three of the past for months.  February shipments also were negative with a -0.9% drop.  Core capital goods new orders by themselves declined by -1.8%.  Without transportation new orders, which includes aircraft, durable goods new orders would have decreased by -1.0%.

December Durable Goods Horrific as New Orders Plunge -5.1%

The Durable Goods, advance report shows new orders just jumped off of a cliff in December.  New orders plunged -5.1% and even worse, November new orders was revised down to -0.5%.  Not to be outdone, December shipments is also horrific with a -2.2% drop.  Core capital goods new orders also plunged by -4.3%.  Without transportation new orders, which includes aircraft, durable goods new orders would have decreased by -1.2%.

Durable Goods Up 2.0% for July

The Durable Goods, advance report shows new orders shot up by 2.0% in July.  June showed a whopping 4.1% new orders increase.  Core capital goods, showed a 2.2% monthly gain.  Without transportation new orders, which includes aircraft, durable goods new orders would have increased by 0.6%.  Motor vehicles & parts new orders gained 4.0% for the month.

 

Durable Goods Shows Steady As She Goes

The Durable Goods, advance report shows new orders declined by -0.5% in April.  In March new orders increased 5.1% yet in February, new orders dropped by -3.5%.  For April, transportation was the culprit as new orders in this category dropped -2.5%.  Core capital goods, on the other hand, gained 1.0%.  Without transportation new orders, which includes aircraft, durable goods new orders would have increased by 0.5%.

Durable Goods Plummets for December 2014

The Durable Goods, advance report shows new orders declined by -3.4% for December 2014.  This month the decline was caused by volatile aircraft and parts.  Core capital goods also dropped by -0.6%.  For the last three of four months durable goods new orders as a whole have declined.  Without transportation new orders, which includes aircraft, the durable goods decline would have been -0.8%.

Another Month, Another Drop in Durable Goods New Orders

The Durable Goods, advance report shows new orders declined by -1.0% for January 2014, but December 2013 new orders were revised downward to a -5.3% plunge.  The better news of this report is core capital goods increased by 1.7%.  For the last three of four months durable goods new orders as a whole have declined.

Durable Goods New Orders Bomb Out for December 2013

The Durable Goods, advance report shows new orders plunged by -4.3% for December 2013 after a 2.6% increase in November.  The really bad news in this report is core capital goods declined by -1.3%.  For the last two of three months durable goods new orders as a whole have declined.  While December is shaping up to a bad month for the economy, a word of caution as durable goods are often revised dramatically.

 

Durable Goods Shoots Way Up, 3.5% New Order Gain for November 2013

The Durable Goods, advance report shows new orders increased by 3.5% for November 2013 after a -0.7% decrease in October.   The really good news in this report is the growth in core capital goods.  New orders in core capital goods increased 4.5% for November  This report is often revised dramatically, yet even inventories did not decline.   Even without volatile aircraft durable goods new orders increased.

 

Durable Goods, Inventories and Q3 GDP

The Durable Goods, advance report shows new orders decreased by -2.0% for October 2013 after a 4.1% increase in September.   The decline was mainly aircraft as transportation durable goods new orders by themselves dropped -5.9%.  Without transportation orders, which aircraft is a large part, durable goods new orders fell by -0.1%.  We also estimate Q3 GDP will be revised upward to 3.2% on inventories.

 

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