by Downward revisions, and down when excluding military orders: Orders for defense aircraft and parts went up 168.3 percent, offsetting a 74.7 percent plunge in demand for civilian aircraft and a 0.9 percent fall in demand for motor vehicles and parts. Excluding transportation, new orders decreased 0.1 percent and excluding defense, orders dropped 2.5 percent. Also, new orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, fell 0.9 percent. Considering full 2019, durable goods orders declined 1.5 percent, after an 8.1 percent rise in 2018. This chart is looking up! Maybe ‘one time’ military orders here as well???
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WARREN MOSLER considers the following as important: Economic Releases
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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
Downward revisions, and down when excluding military orders:
Orders for defense aircraft and parts went up 168.3 percent, offsetting a 74.7 percent plunge in demand for civilian aircraft and a 0.9 percent fall in demand for motor vehicles and parts. Excluding transportation, new orders decreased 0.1 percent and excluding defense, orders dropped 2.5 percent. Also, new orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, fell 0.9 percent. Considering full 2019, durable goods orders declined 1.5 percent, after an 8.1 percent rise in 2018.
This chart is looking up! Maybe ‘one time’ military orders here as well???
