Wednesday, October 26, 2011

It's The Economy Stupid: Durable Goods

U.S. stock-index futures extended gains after orders for durable goods topped economists forecasts last month, tempering concern that the economy was weakening.       

Futures on the Standard & Poor’s 500 Index expiring in December rose 0.8 percent to 1,234 at 8:32 a.m. in New York.  

 

Orders for U.S. durable goods excluding transportation equipment rose in September by the most in six months, showing manufacturing is supporting the expansion. Demand for goods meant to last at least three years, outside of airplanes and automobiles, climbed 1.7 percent, exceeding the median forecast of economists surveyed by Bloomberg News that called for a 0.4 percent increase.

 

 

Economic Event

Period

Actual Reported

Economic Survey

Original Prior

Revised Prior

MBA Mortgage Application

21-Oct

4.9%

 

-14.9%

 

Durable Goods Orders

SEP

-0.1%

-1.0%

-0.1%

 

Durables Ex Transportation

SEP

1.7%

0.4%

-0.1%

-0.4%

Cap Goods Orders Non Defense Ex Air

SEP

2.4%

0.5%

1.1%

0.5%

Cap Goods Shipped Non Defenxe Ex Air

SEP

-0.9%

 

2.8%

3.1%

New Home Sales

SEP

 

300K

295K

 

New Home Sales MoM

SEP

 

1.7%

2.8%

 

 

 

 

Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721

Email:  jbroussard@treasusry.state.la.us

Street Address:

445 North Blvd, 7th Floor

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One City Plaza, 7th Floor

Corner of North Blvd & 4th Street

Exit 1B I-110 Convention Street, Turn Left to get to North Blvd

 

No comments:

Post a Comment