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Durable Goods Fall For 20th Straight Month YoY, Capital Goods Ski-Sloping

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

For the 4th month in a row, Capital Goods Shipments (Ex Air) fell MoM – down 0.4%, missing expectations of a 0.1% rise, and historical data was revised lower. Capital goods are goods that are used in producing other goods, rather than being bought by consumers.

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capgoodsexed

Yes, capital goods shipments YoY are definitely “ski-sloping.”

_skisloping

Durable goods orders ex transportation also fell -0.4% in August. That is 20 straight months of YoY decline, the longest non-recessionary streak in history.

durablegoodsyoyex

Here is a photo of former President Bill Clinton and daughter Chelsea listening to Hillary Clinton’s dynamic economic vision at the first Trump-Clinton Presidential debates.

billchelsa

Or maybe they just viewed the durable and capital goods charts.

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