It's The Economy Stupid: Durable & Cap Goods

I would like to say something profound about today’s economic numbers…

 

But I got nothing.  Lot’s of negatives.  That ain’t good.  I could give you all kinds of reasons, but the bottom line is positive numbers are good for Durable & Capital Goods orders, and negative numbers are bad.

 

Economic Event	Period	Economic Survey	Actual Reported	Original Prior	Revised Prior
Durable Goods Orders	Sep	2.30%	3.70%	0.10%	0.20%
Durables Ex Transportation	Sep	0.50%	-0.10%	-0.10%	-0.40%
Cap Goods Orders Nondef Ex Air	Sep	1.00%	-1.10%	1.50%	0.40%
Cap Goods Ship Nondef Ex Air	Sep	1.10%	-0.20%	1.30%	1.10%

 

When you’re looking for a “Plus 1”, and you get a “Minus 1”, ya ain’t right.

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us