Orders for capital goods that exclude defense and aircraft—a proxy for future business spending—rose by 0.1% on the month. That followed a downward revision in June that reduced a 0.1% gain to a 0.4% decline. … READ MORE >
capital goods orders
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. … 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. But even with this decline, investment in the private sector as seen in core capital goods orders remained strong, suggesting continued robust growth. … 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. … 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 on Thursday. … 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. … READ MORE >