Posts Tagged ‘durable goods’

New Home Sales And Durable Goods Data

New home sales and durable goods orders were up sharply although as you shall see there is less there than meets the eye. Durable Goods I always find this number to be about the clunkiest and least reliable of the government statistics. Today’s numbers prove my point. Overall orders for durable goods in July were […]

Good News On Durable Goods Not Such Good News On New Home Sales

I guess the meme that said we need to see housing rebound before we really start pulling out of the recession has been put on the shelf. A lackluster new home sales report for May was overshadowed by the durable goods report. The news is pushing up equities across the board. Here is the news […]

A Bit Of Good Economic News

A little more good economic news this morning. New home sales rose from an annual rate of 322,000 in January to 337,000 in February. Though this represents a 4.7% month over month increase it’s important to keep in mind that this is still an abysmally low number of sales. In fact, it is the second slowest month on record, January having […]

Economists’ Thoughts On Today’s News

Here are some thoughts on the various pieces of this morning’s economic news from the WSJ Real Time Economics blog. Jobs The labor market looks even worse than our already weak read. Initial jobless claims increased to 667,000, easily the high for the cycle, and a break higher from the 630,000 range they had sat […]

More Grim Economic News

Let’s get all the bad news out of the way. Durable goods orders fell $9 billion or 5.2% in January. The following quote describes the situation in manufacturing: “There’s no forward-looking purchase, no anticipating next quarter being strong,” said Daniel J. Meckstroth, chief economist for the Manufacturers Alliance/MAPI. “You’re in a survival mode. You’re only […]