Consumer durable goods spending is showing some signs of a bottom in its rate of growth. If that happens in the next couple of months, durable goods new orders may bottom out at the end of the year.
Month-over-month, durable goods new orders grew 0.9% in July, which was the first month of growth since January.
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The GBI: Metalworking have been negative leading indicators for future machine tool orders for a number of months. It and other leading indicators are pointing toward a contraction in machine tool consumption in 2020.
While every region but one reported a decrease in units, three of six regions record an increase in dollars sold.
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Join Gardner Intelligence’s Michael Guckes and Composites World’s Scott Francis in a livestreaming webinar as they discuss the near-term outlook of the aerospace industry.
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The year-over-year change in the real 10-year Treasury rate started falling in late 2018. This indicates that real consumer durable goods spending should see accelerating growth in the second half of 2019.
Month-over-month, July consumer durable goods spending grew 5.7%, just above the historical average.
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