Here's an update to my post on today's durable goods, which puts the "spike" (in aircraft) in perspective (i.e. there was no real spike).
What there does appear to be is a bottom (temporary or permanent TBD) in the speed at which the level of new orders are deteriorating (dblwyo- the 2nd derivative is positive after all!).
Source: Census
Wednesday, June 24, 2009
Durable Goods... Update
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Fair 'nuff. I would point out that -25% YoY is still not a very green shoot :)
ReplyDeleteHow 'bout x-aircraft ? As I recall (& in fact reviewed and confirmed)it didn't bounce up at all. In fact it looks to still be headed down.
I done been told and believe that x-AC is a more reliable indicator as well.
agreed and agreed
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