Wednesday, March 28. 2007
Capital goods
Despite the positive headline, there is no succor for January's drop in capital goods orders in February's data. Excluding defense and aircraft, year-over-year capital goods orders turned negative in February after a fractionally positive reading in January.
New orders for manufactured durable goods in February increased $5.0 billion or 2.5 percent to $206.9 billion, the U.S. Census Bureau announced today. This was the third increase in the last four months and followed a 9.3 percent January decrease. Excluding transportation, new orders decreased 0.1 percent. Excluding defense, new orders increased 2.5 percent.
Highlights From The Advance Report On Manufacturers' Shipments, Inventories, And Orders
U.S. Census Bureau Manufacturing and Construction Division, 28. Mar. 2007
A few more months like these last two would not augur well.
FD: long short-dated synthetic index puts
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Wasn't production the one positive contributor to the Chicago Fed report? This certainly won't help matters.
What are you using to produce your charts? I like them.
What are you using to produce your charts? I like them.
Yes, along with income the production group was a positive for the CFNAI. For now I remain cautious but optimistic that both the sky-is-falling and the growth-is-back crowds will be wrong this year, but more data like these..
I use gnumeric, the free-speech-free-beer spreadsheet program. It has plenty of flaws, but among its virtues is exporting graphic files from its charts. Viz http://www.gnome.org/projects/gnumeric/
I use gnumeric, the free-speech-free-beer spreadsheet program. It has plenty of flaws, but among its virtues is exporting graphic files from its charts. Viz http://www.gnome.org/projects/gnumeric/
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Tracked: Mar 28, 21:51
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Tracked: Apr 25, 20:38