Okay, any way you look at these numbers, no matter how you spin the numbers, they got better than the prior period’s numbers.
Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
MBA Mortgage Applications | MAR 23 | - | -2.70% | -7.40% | |
Durable Goods Orders | FEB | 3.0% | 2.2% | -4.0% | -3.6% |
Durables Ex Transportation | FEB | 1.7% | 1.6% | -3.2% | -3.0% |
Cap Goods Orders Nondef Ex Air | FEB | 1.5% | 1.2% | -4.5% | -3.7% |
Cap Goods Shipped Nondef Ex Air | FEB | 0.9% | 1.4% | -3.1% | -3.0% |
Orders for Durable Goods in U.S. Increased 2.2% spurred by demand for cars, computers and capital equipment.
Bookings for goods meant to last at least three years advanced 2.2 percent, less than projected, but a whole lot better than the revised 3.6 percent DECLINE the prior month.
Corporate equipment upgrades and consumer purchases of new cars are bolstering production, prompting factories to hire and keeping the industry a source of strength for the expansion.
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
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