Durable Goods New Orders – Long-Term Charts Through October 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 October, last updated on November 28.  This value is 216,948 ($ 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 November 27 titled “Durable Goods Orders for October:  Essentially Unchanged” 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 1416.46 as this post is written