Business orders for equipment rebounded in August after falling for two straight months, an encouraging sign for American businesses, which should look through the current economic headwinds to prepare for a soft-landing in the economy. Wednesday's data on the broader economy was in line with what our ... READ MORE >
capital goods orders
Business investment loses momentum in July
Business spending on equipment eked out a slight gain in July in what was a disappointing start for the investment component of the economy in the third quarter. Jobless claims, however, defied expectations again, dropping last week to the lowest level in August. Orders for capital goods that ... READ MORE >
Durable goods orders decline amid rate hikes and geopolitical uncertainties
Durable goods orders declined for the first time in five months in February because of geopolitical uncertainties and the anticipation of the Federal Reserve’s first interest rate hike since 2018. With multiple rate increases expected this year, we expect investment spending for the entire year to ... READ MORE >
Chart of the day: Signs of strength in durable goods orders
Durable goods orders fell by 0.4% in September after a strong gain of 1.3% in August, driven by transportation orders—vehicles and nondefense aircrafts—which declined by 2.3% on the month, according to Commerce Department data released Wednesday. But even with this decline in transportation orders, ... READ MORE >
Chart of the day: Durable goods orders surged by a surprising 1.8% in August
Helped by strong aircraft orders, durable goods orders in August rose by 1.8% on the month, easily beating analyst estimates of 0.7%, according to Commerce Department data released Monday. The increase in new orders was even more remarkable as July’s reading was revised upward to an increase of 0.5% ... READ MORE >
Data deluge: Jobless claims ease to 411,000 as durable goods orders rise 1.1%
First-time jobless claims eased to 411,000 for the week ending June 19, a slight decline from the revised figure of 418,000 for the previous week, according to government data released Thursday. The decline is indicative of what will be a long road to normalization in the pace of firings that ... READ MORE >
CHART OF THE DAY: Capital goods shipments maintain upward trajectory
Monthly shipments of nondefense capital goods increased by nearly 5% during the first three months of the year compared to the months before the pandemic-induced economic shutdown. The forward-looking proxy for productivity-enhancing capital goods orders, or orders of nondefense capital goods ... READ MORE >