defense

Durable Goods September Report Might Imply Slowing Economy

The Durable Goods, advance report shows new orders increased by 3.7% for September 2013, but the gains are due to volatile aircraft and parts orders.  Without transportation orders, which aircraft is a large part, durable goods new orders fell by -0.1%.  Shipments increased by 0.2% and are at a record high level.  

 

Durable Goods 4.2% Headline Increase Belies Bad News

The Durable Goods, advance report shows new orders increased by 4.2% for June 2013.  While the headline number sounds great, not so fast, the gains are on volatile aircraft new orders.  Shipments did not change.   Aircraft and parts new orders from the non-defense sector increased 31.4%.  Aircraft & parts from the defense sector increased 18.7%.   Excluding all transportation, which includes aircraft, new orders came in at zero.  In other words, without transportation new orders didn't grow at all.

Durable Goods up 3.3%, yet, not the Great Wunderful for April 2013

The Durable Goods, advance report shows new orders increased by 3.3% for April 2013.  Wall Street soars, yet the gains are on volatile aircraft new orders.   Aircraft and parts new orders from the non-defense sector increased 18.1% and jumped 53.3% from the defense sector.   Excluding all transportation, new orders rose 1.3%.   Core capital goods new orders increased 1.2%.

 

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