Economic Charts

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Wednesday, November 24, 2010

Monthly Durable Goods Don't Look So Good

Octobers Durable Goods numbers, released today, were less than impressive.  The Durable Goods number is the change in the total value of new purchase orders placed with manufacturers for durable goods. Durable goods are defined as hard products having a life expectancy of more than 3 years, such as automobiles, computers, appliances, and airplanes. Core Durable Goods are Durable Goods minus transportation.   Durable Goods forecast was for 0.2%, but actually came in -3.3%.  Core Durable Goods was forecast for 0.7%, but actually came in at -2.7%.

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