U.S. Durable Goods Orders Rise 3.4% in June blared the Wall Street Journal headline this morning. As usual, not only is that not the whole…
Core capital goods orders, adjusted by the PPI to reflect the actual volume of orders over time, fell 1% year to year in April. We…
Real Core Durable Good Orders (all orders except transportation equipment and defense capital goods) rose by 1.5% year to year in March. That was the actual,…
The market is taking a huge dump this morning, misled yet again by phony, fictitious, misleading, and flat-out wrong seasonally adjusted (SA) data on Durable…
Actual, not seasonally adjusted real durable goods orders rose 12.1% in March from February. March is typically the strongest month of the year. The current…
December Durable Goods Were Weak The headline number for seasonally adjusted, nominal durable goods orders fell 4.3% in December. That was worse than the lowest…
The ISM Manufacturing PMI is misleading about the US manufacturing recovery.
The headline number on durable goods orders was shockingly bad, which we all know is bullish. For a change the SA data wasn’t misleading. Underlying the seasonally…
