Okay, there’s no sugar coating the Durable Goods numbers. They are UGLY! This ain’t good news. No matter how you look at it, it’s bad. Okay, the Capital Goods Orders were not as bad, with some bad and some good. But the overall picture is not bright for the economy.
Durable Goods Orders
Durables Ex Transportation
Cap Goods Orders Non Def & Ex Air
Cap Goods Ship Non Def & Ex Air
Orders for U.S. durable goods fell in March by the most in three years, indicating manufacturing will contribute less to growth this year.
Bookings for goods meant to last at least three years dropped 4.2 percent, the biggest decrease since January 2009, after a revised 1.9 percent gain the prior month. Economists forecast a 1.7 percent decline, according to the median estimate in a Bloomberg News survey.
Slowdowns in Europe and China may limit exports, while business investment cools after the strongest 10-quarter performance in a decade, leading to a slowdown in manufacturing.
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
445 North Blvd, 7th Floor
Baton Rouge, LA 70802
P.O. Box 44154 Capitol Station
Baton Rouge, LA 70804-4154
One City Plaza, 7th Floor
Corner of North Blvd & 4th Street
Exit 1B I-110 Convention Street,
Turn Left to get to North Blvd,
Turn Right on North Blvd