Economic News Blog
Posted by: Steven Kline, Jr. 7. January 2020

Durable Goods Spending Grows Modestly

In November, the month-over-month rate of growth for durable goods spending was 4.8%, which showed decelerating growth for the second-straight month. Additionally, the month-over-month rate of growth was below average for every month but one since August 2018. 

The annual rate of growth was unchanged at 4.2%, the slowest annual rate of growth since September 2010. However, because of declining change in the real 10-year Treasury rate and the somewhat faster month-over-month growth compared with 6-12 months ago, there could be some modest acceleration in the annual rate of growth heading into 2020.

Below are key spending categories that lead the most important manufacturing new orders and production indices.

Accelerating Growth: air transportation services, electronics, medical care, other non-durable goods

Decelerating Growth: clothing/footwear, durable goods, food/beverage, motor vehicles/parts, pleasure boats, total consumer

Accelerating Contraction: 

Decelerating Contraction: appliances

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