It’s a good thing I took some dance lessons. The economic data is kind of doing a two-step. Two steps forward, one step back, with a lot of twists and twirls. Let’s just hope the music doesn’t stop.
Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
Durable Goods Orders | JAN | -1.0% | -4.0% | 3.0% | 3.2% |
Durables Ex Transportation | JAN | 0.0% | -3.2% | 2.1% | 2.1% |
Cap Goods Orders NonDef Ex Air | JAN | -1.3% | -4.5% | 2.9% | 3.4% |
Cap Goods Shipped NonDef Ex Air | JAN | -0.9% | -3.1% | 2.9% | 2.8% |
Be careful out there on the dance floor! Don’t step on your partner’s toes!
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
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