Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator.
For reference, here are a few charts depicting this measure.
First, from the St. Louis Fed site (FRED), a chart through April, last updated on May 24. This value is 215,527 ($ Millions) :
(click on charts to enlarge images)
Here is the chart depicting this measure on a Percentage Change from a Year Ago basis:
Lastly, a chart from Doug Short’s post of May 24 titled “Durable Goods Orders Up .2%, But Below Expectations” showing the Durable Goods New Orders vs. the S&P500′s monthly average of daily closes:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1320.68 as this post is written