Posts Tagged Durable Goods Orders
Durable Goods Orders Fell 1.0% In June
Posted by Belisarius in U.S. Economic Data on July 28, 2010
Durable good orders fell 1.0% in June vs. +1.0% consensus and -1.1% increase in May. Transportation taken out the figure was a decrease of 0.6% vs. 0.6% rise in May and +0.4% consensus.
Big miss, with no appropriate market reaction.
Chart 1. U.S. Durable Goods Orders
Source: U.S. Census Bureau
Chart 2. U.S. Durable Goods Orders Ex. Transportation
Source: U.S. Census Bureau
Durable Goods Orders Fell 1.1% In May
Posted by Belisarius in U.S. Economic Data on June 24, 2010
Durable good orders fell 1.1% in May vs. -0.5% consensus and 2.9% increase in April. Transportation taken out the figure was an increase of 0.9% vs. 1.0% fall in April.
Chart 1. U.S. Durable Goods Orders
Source: U.S. Census Bureau
Chart 2. U.S. Durable Goods Orders Ex. Transportation
Source: U.S. Census Bureau
Durable Goods Orders Rose 2.9% In April
Posted by Belisarius in U.S. Economic Data on May 26, 2010
Durable good orders rose 2.9% In April vs. 1.5% consensus and 1.3% decrease in March. Transportation taken out the figure was a decrease of 1.0% vs. 2.8% rise in March.
Chart 1. U.S. Durable Goods Orders
Source: U.S. Census Bureau
Chart 2. U.S. Durable Goods Orders Ex. Transportation
Source: U.S. Census Bureau
Durable Goods Orders Fell 1.3% In March
Posted by Belisarius in U.S. Economic Data on April 23, 2010
Durable good orders fell 1.3% in March vs. 0.4% consensus and 0.5% rise in February. Transportation taken out the figure was an increase of 2.8% vs. 0.9% in February.
Chart 1. U.S. Durable Goods Orders
Source: U.S. Census Bureau
Chart 2. U.S. Durable Goods Orders Ex. Transportation
Source: U.S. Census Bureau
Durable Goods Orders Rose 0.5% In February
Posted by Belisarius in U.S. Economic Data on March 24, 2010
Durable good orders rose 0.5% in February vs. 1% consensus and 3% rise in January. Transportation taken out the figure was 0.9% vs. -0.6% in January.
Chart 1. U.S. Durable Goods Orders
Source: U.S. Census Bureau
Chart 2. U.S. Durable Goods Orders Ex. Transportation
Source: U.S. Census Bureau
Monthly Strategy – March 2010
Posted by Belisarius in Monthly Strategy on March 1, 2010
Equities
In the macro arena we have leading indicators rolling over, and a stream of worse-than-expected data pieces on U.S. housing, U.S. employment, U.S. durable goods ordered and large move lower by consumer confidence.
Seems that the markets do not appreciate the data. Things that move the markets are only FED policy on rates, dollar strength and Greece debt problems. China credit tightening in forgotten for the time being (at least to the next announcement).
It’s All About The Free Money (In the Markets)
Posted by Belisarius in Markets on February 25, 2010
We have clear roll over of leading indicators in recent weeks and a deterioration in housing, jobless claims, durable goods orders today and bad consumer confidence reading.
Seems that the markets do not appreciate the data. Things that move the markets are only FED policy on rates, dollar strength and Greece debt problems. China credit tightening in forgotten for the time being (at least to the next announcement).
All dough I’m convinced that the economy is deteriorating almost everywhere except in China and in their commodity based economy satellites I have only a small exposure to the markets (via a June SPY 105/106 put ratio backspread) to keep me interest for the markets. I do not have a clear conviction short term.
U.S. Durable Goods Report 25 February 2010
Posted by Belisarius in Markets on February 25, 2010
A negative surprise if we take airplanes out; Durable goods orders rose 3% vs. 1.5% consensus and 0.3% prior reading; Durable goods orders excluding transportation fell -0.6% vs. 0.9% growth in December.
Chart 1. Durable Goods Orders
Source: U.S. Census Bureau
Chart 2. Durable Goods Orders Excluding Transportation
Source: U.S. Census Bureau
Everybody’s Watching Greece
Posted by Belisarius in Markets on January 28, 2010
Record Bund/Greek government bond spread is crucial market moving factor today. A lot of rumors on the issue. Bloomberg story: Papandreou Says Rumors Hurt Greece, Not Seeking Aid. As I wrote before I expected a meltdown before this weeks bond issue, but apparently they manged to sell the bonds, but the pain continues…
Durable orders rose 0.3% in December vs. growth of 0.2% in November and a consensus of 1.6%. The talk of improving labor market was corroborated by 470.000 new jobless claims. The consensus was at 440.000, prior reading at 482.000. Yeah, it’s improving…
Mixed Data
Posted by Belisarius in Markets on November 25, 2009
The day was filled with economic data . No clear conviction from the markets. Let’s start.
Durable goods orders surprised to the downside falling 0.6% vs. positive 0.5% consensus and 1% rise (all MoM) in September. Ex-transportation orders came at -1.3% vs. 0.8% (all MoM) in September.
Personal income and outlays data, on the other side, came mostly positive. Personal income rose 0.2% right at the consensus. Consumer spending up 0.7% vs. 0.5% consensus.
Jobless claims were reported at 466k vs 495k consensus and 505k previous month. Big positive print.
Chart 1. New Jobless Claims