…of transportation of goods supported the data indicating stagnation in the goods sector. Here’s what I found. The Cass Freight Index measures the YoY% change in the volume of freight…

…former. In February, the goods producing side added 34,000 jobs, its best showing since June of 2023. On a YoY basis, goods producing jobs are up by 0.4%, while service…

…that the NBER uses to date recessions. And since spending on services tends to rise right through recessions, the critical datapoint is real consumer spending on goods, which will be…

…subtract from what is available for others. Common-pool goods are similar to private goods in that there use subtracts from the total supply but they are like public goods in…

…in the plus column.  This morning’s report on manufacturers’ new orders for durable goods for February is evidence of that. The broad measure (blue in the graphs below) declined just…

…types of purchase, we see that real spending on non-durable goods since July 2021 has actually declined, while total spending on goods is only up 1%. The big increases since…

Current Release October 17, 2024 Market Groups The major market groups posted mixed results in September. Among consumer goods, the production of durables decreased 0.7 percent. In contrast, the index…

…(red in the graphs below) and for durable goods (gold), compared with policy uncertainty (inverted, /10 for scale). First is the long term historical view. It is averaged quarterly because…

…ended in November. This morning’s edition of stale data was durable goods manufacturing for November. One of the stories of the latter part of last year is that manufacturers appear…

…goods (dark blue, left scale) tends to peak first, before nondurable or consumer goods (light blue, right scale). These were both unchanged in real terms. However, both at all time…