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