Durable Goods (M3) for November 2009 - New Orders Flatline, up 0.2%

The Durable Goods report (M3) for November was released on December 24th. The two graphs below show Durable goods since 1992 and then just for this recession period. Regardless of the trend, one can see we have a long way to go on new orders to get back to some real growth indicators.

M3 Nov. 09


Durable Goods (M3) for July 2009

Manufacturers' Shipments, New Orders and Inventories (M3) for July 2009 numbers are out and New orders for durable goods increased 4.9%.

New orders for manufactured durable goods in July increased $7.8 billion or 4.9 percent to $168.4 billion, the U.S. Census Bureau announced today. This was the third increase in the last four months and the largest percent increase since July 2007. This followed a 1.3 percent June decrease. Excluding transportation, new orders increased 0.8 percent. Excluding defense, new orders increased 4.3 percent.

Yeah, Yippee, rah, recovery here we come. Oops, not so fast.

Firstly, the above initial press release only gives aggregate data points.