Courtesy of Mish.
Reader Tim Wallace sent a series of four charts on durable goods components. Each chart compares April of this year to April in prior years.
Durable Goods Shipments
click on any chart for sharper image
This is the first time since 2008 that April year-over-year shipments are down.
Durable Goods New Orders
This is the first time since 2008 that year-over-year new orders in April declined. New orders rose above the pre-recession high but are now slightly below the 2007 high.
Durable Goods Unfilled Orders
Unfilled orders keep climbing. They are at a record high.
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