{"id":172,"date":"2009-06-24T09:46:00","date_gmt":"2009-06-24T13:46:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=172"},"modified":"2018-08-23T09:43:47","modified_gmt":"2018-08-23T13:43:47","slug":"durable-goods-orders-up-and-big","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2009\/06\/24\/durable-goods-orders-up-and-big\/","title":{"rendered":"Durable goods orders up and big"},"content":{"rendered":"

Good morning, good morning! I hope that this blog post finds each of you doing well.<\/span><\/p>\n

May’s orders for durable goods was up 1.8%. What the heck is a durable good? These are the big purchases that consumers make like computers and washing machines. Do you remember back on the blog I said that I thought that technology companies would lead the way out of the recession and that manufacturers were likely to lag the rest of the economy? Well orders for durable goods is a harbinger that manufacturing is reviving itself as well. That “up 1.8%” is the third month of the last 4 that the number has been up. What’s more, economists had projected a decline of 0.8%, meaning that the 1.8% up is a big, big outperform.<\/span><\/p>\n

BUT WAIT, THERE’S MORE!<\/span><\/p>\n

The following obscure statistic has meaning, too. Orders for non-defense capital goods excluding aircraft rose by 4.8%, the biggest jump in 5 years. Capital goods are the machines purchased by businesses in order to manufacture their products. “Non-defense” means stuff for the private sector. Aircraft are excluded because they are super expensive and are often ordered in bunches by airlines. So a single aircraft order can distort the entire statistic. Does this make sense? The most important thing is that companies are buying again.<\/span><\/p>\n

The one not so good piece of data is that credit remains difficult to attain for individuals and businesses alike. Eventually banks are going to have to invest their burgeoning deposits in lending, but it wasn’t in the month of May apparently. This will be an important number to watch going forward.<\/span><\/p>\n

I hope that each of you is smiling!<\/span><\/p>\n

Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, good morning! I hope that this blog post finds each of you doing well. May’s orders for durable goods was up 1.8%. What the heck is a durable good? These are the big purchases that consumers make like computers and washing machines. Do you remember back on the blog I said that I […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-172","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=172"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/172\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}