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Durable Goods Order Jump Led By Autos: Positive Hurricane Impact?

Courtesy of Mish.

The Census Bureau reports “New orders for manufactured durable goods in August increased $3.9 billion or 1.7 percent to $232.8 billion, the U.S. Census Bureau announced today. This increase, up two of the last three months, followed a 6.8 percent July decrease. Excluding transportation, new orders increased 0.2 percent.”

Yep, new orders are up two of the last three months, but they are also up three of the last five, with two wild swings, one in each direction. Let’s investigate more details.



Durable Goods Categories

Hurricane Impact

Fortune Magazine reports Hurricane Irma and Harvey Damaged 1 Million Cars. What Happens Now?

Hurricane Harvey destroyed 300,000 to 500,000 vehicles in Houston alone, according to Cox Automotive estimates. The firm, parent company of Kelly Blue Book and AutoTrader.com, has its headquarters in Atlanta.

Good for Dealers Bad for Drivers


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