Monday, January 28, 2013
Durable Goods Orders Suggest Return of Investment
Durable goods orders jumped 4.6% in December, the seventh increase in eight months. Gains were widespread across sectors. Transportation led with orders for vehicles still robust. Hopefully, there are some heavy trucks in there, given the poor condition of the fleets I see on the road these days...
Non-defense capital goods orders, which most closely track business investment, accelerated at a 3.8% pace...
The shipments data, which tracks current spending, has also been trending up...
Durable goods orders jumped 4.6% in December, the seventh increase in eight months. Gains were widespread across sectors. Transportation led with orders for vehicles still robust. Hopefully, there are some heavy trucks in there, given the poor condition of the fleets I see on the road these days...
Non-defense capital goods orders, which most closely track business investment, accelerated at a 3.8% pace...
The shipments data, which tracks current spending, has also been trending up...
Read the full article on our Economic Minds blog.
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