Durable goods orders rise, business spending cools

Ignore the headline spin, CPI-adjusted and gold-adjusted new orders of durable goods (ex defense and aircraft) continue to loss momentum. This suggests an economy struggling to sell big ticket items which tends to be associated with weak economic growth.

Real Business Core Capital Spending: Real or CPI-Adjusted New Orders of Durable Goods ex. defense and aircraft (RBCCS) and YOY Change:


Gold-Adjusted New Orders of Durable Goods ex. defense and aircraft (BCCSGLDR) and YOY Change:

A surge in demand for commercial aircraft lifted orders for big-ticket manufactured goods in September, but businesses spent less on products that would signal expansion.

The Commerce Department says orders for durable goods rose 3.3 percent last month. Overall, it was the best showing since January. But excluding transportation, orders fell 0.8 percent after having risen 1.9 percent in August.

Source: finance.yahoo.com