Durable Goods Numbers Paint A Nervous Picture

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Harrison Roger
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Durable Goods

For the first time in a while, the market almost completely ignored the durable goods figures released today; instead favoring a discussion surrounding technology stocks (King/Box/Facebook/Oculus). The lack of attention focused towards a key component of the GDP figure largely stems from two reasons. First, the numbers themselves weren’t that interesting, with the broad Durable Goods number coming in at +2.2% on a M/M basis and the less volatile Durable Goods ex transportation at +0.2%.  The broad number beat market expectations by 1.2%, while Durable Goods ex transportation was 0.1% below what market participants expected. Second, indicators that are, in…

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Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.