Durable Goods New Orders – Long-Term Charts Through December 2012

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Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator.

For reference, below are charts depicting this measure.

First, from the St. Louis Fed site (FRED), a chart through December, last updated on January 28.  This value is 230,742 ($ Millions) :

(click on charts to enlarge images)

DGORDER_1-28-13 230742

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Here is the chart depicting this measure on a “Percentage Change from a Year Ago” basis:

DGORDER_1-28-13 Percent Change from Year Ago

 

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I post various indicators and indices because I believe they should be carefully monitored.  However, as those familiar with this blog are aware, I do not necessarily agree with what they depict or imply.

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The Special Note summarizes my overall thoughts about our economic situation

SPX at 1499.84 as this post is written