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

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 July, last updated on August 24.  This value is 230,733 ($ 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 August 24 titled “Durable Goods Orders Up 4.2%, Above Expectations; But ex Transportation, Down .4%” 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 1411.13 as this post is written