…can be decomposed further into durable (red) vs. no durable (blue) goods, showing that the big increase was in durable goods: We know that motor vehicle sales have recently finally…

…focus on his conclusion, which was that after housing turned down, the next sector that turned down was durable goods spending by businesses. An excellent barometer of durable goods spending…

…As noted, the price index for final demand for goods, aka ‘finished goods’, was 1.4% higher in January, after being a revised 1.0% higher in December, 0.3% higher in November,…

…price index for final demand for goods, aka ‘finished goods’, was 1.4% higher in February, after being 1.4% higher in January, 1.0% higher in December, 0.4% higher in November, 0.5%…

…PCE goods for February at -2.9%, and PCE goods for March at +8.9%…to simplify our calculations, we’ll now convert percentage changes in PCE goods into an index, and set October…

…year increase as was shown in February… As noted, the price index for final demand for goods, aka ‘finished goods’, was 0.6% higher in April, after being 1.7% higher in…

…for finished wholesale goods rose 1.3% while margins of final services providers were 0.2% higher, a revised 0.4% increase in September, when prices for finished wholesale goods rose 1.1% while…

…spending tends to turn before non-durable goods spending. The former declined -2.1% for the month (vs. +1.5% in December), while the latter declined -0.5% (vs. +0.6% in December): Durable goods…

…increase, up 2.6%, but real spending on goods declined -0.1%, on real spending on durable goods declined -2.9%. And it wasn’t just one poor month. The trend in goods spending…

…0.1%, while real goods spending (left scale) rose 0.6%: Breaking goods spending down further, in May spending on consumer durables (dark blue) rose 1.1%, while real spending on non-durables rose…