Thursday, February 26, 2009

Durable Goods (January)

Bespoke reports:

If January's Durable Goods report is any indication, 2009 didn't start off on a good economic note. As shown in the chart below, durable goods orders for the month declined by 23.3% on a year/year basis, which is the steepest decline in the history of the indicator (since 1960). If we strip out the transportation component of this series, orders for durable goods declined by a more "modest" 17.4%, which is the lowest level since 1975.


Source: Census