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 May, last updated on June 27. This value is 217,154 ($ 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 June 27 titled “Durable Goods Orders Up 1.1%, Above 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 1331.85 as this post is written