June Durable Goods: +1.6% vs. +0.5% expected, +1.6% (revised) prior. Ex-transport -1.1% vs....


June Durable Goods: +1.6% vs. +0.5% expected, +1.6% (revised) prior. Ex-transport -1.1% vs. +0.1% expected, +0.7% (revised) prior.
Comments (6)
  • anonymous#12
    , contributor
    Comments (545) | Send Message
     
    Huge report, durable goods continue on a positive trend. NO recession,
    26 Jul 2012, 08:36 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    The key is in ex-transports.
    26 Jul 2012, 08:39 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    If your Boeing you are OK
    26 Jul 2012, 08:46 AM Reply Like
  • GaltMachine
    , contributor
    Comments (2080) | Send Message
     
    I tell you this is one confusing report to interpret. I am thinking this seems to be an awesome number and then you read analysis from Reuters (which is normally bullish) that says:

     

    http://reut.rs/NY0WzN
    "WASHINGTON (Reuters)- - New orders for a range of long-lasting manufactured goods fell in June and a gauge of planned business spending plans dropped, pointing to a slowdown in factory activity.

     

    The Commerce Department said on Thursday durable goods orders excluding transportation dropped 1.1 percent, the biggest decline since January, after rising 0.8 percent in May. Economists had forecast this category being flat last month.
    "The manufacturing sector is going through a weak patch with orders excluding transportation falling over the last three months. This is also the message of the sub-50 readings on the ISM manufacturing composite and new orders indexes for June," said John Ryding, chief economist at RDQ Economics in New York.

     

    Details of the report were generally weak, with declines in new orders for computers, fabricated metal products, electrical equipment and appliances and machinery."

     

    They make it sound downright depressing.
    26 Jul 2012, 11:05 AM Reply Like
  • wmateri
    , contributor
    Comments (579) | Send Message
     
    That's because if they make it sound good, then there will be no need for more stimulus.
    26 Jul 2012, 12:40 PM Reply Like
  • quinnman
    , contributor
    Comments (138) | Send Message
     
    Orders ex transportation are an indicator of consumer demand...down 1.1% is depressing
    26 Jul 2012, 02:53 PM Reply Like
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