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
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
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
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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