The surge in durable goods orders in the US doesn't tell the entire story - but it's good news nonetheless

Jay Soloff

Argonath Financial

The surge in durable goods orders in the US doesn't tell the entire story - but it's good news nonetheless. Orders for big-ticket items soared in July by 22.6%, the biggest increase since 1992 (since durable goods were first published on a monthly basis). The jump was driven by a barrage of new orders for civilian aircraft. Orders for new aircraft aren't necessarily a good gauge of economic activity as they tend to happen in bursts and have a very long production and delivery cycle. Meanwhile, minus transportation orders, durable goods actually declined 0.8% in July. However, June's number was revised up to 3% which keeps the solid upward trend intact (up five of the last six months). (VIEW LINK)

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


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