…most other consumer durable goods and other consumer purchases. This makes them a useful short leading indicator, although as you can see below (blue line), they are quite noisy. Heavy…

…first time a sudden spike has happened. There is no certainty that the spike will be durable over the next 3 or 6 months, and there have been a number…

…There was a huge surge in vehicle sales in the first quarter, which led to a 16.3 percent growth rate for durable goods. Vehicle sales fell somewhat in the second…

…commentary deals with inflation in the services component. As you can see below, inflation in both durable (-3.2% YoY) and non durable (+1.8%) goods has met the Fed’s target, while…

…correct, a big percentage of the Bottom-50 group received no benefit at all from that. The bottom-50% renters are actually worse off, if they aspire to be homeowners. Durable goods requires a bit more…

…to hours worked. Productivity was revised down 0.2 percentage point in the durable manufacturing sector and revised down 0.5 percentage point in the nondurable  manufacturing sector. (See table B1.)   In…

…deduct the cost of equipment, vehicles, buildings and similar durable assets more quickly than they actually wear out. But the 2017 Trump tax law created an extreme version of this…

…discussed last month, one reason why the steep decline in housing has not caused a recession yet is that other durable goods purchases, and in particular motor vehicle purchases, have…

…2 of the banks report this information Last week durable goods and core capital goods orders were updated through October, showing a -2.2% decline and a 0.5% gain, respectively. On…

…to have turned recessionary. The first of those is personal spending on durable goods, which I noted last Friday. Here is the graph I used then, normed to 100 as…