Economy
September 25, 2014
Durable Goods Analysis for August 2014
Written by Peter Wright
Durable goods orders in August fell back to the long term trend line after the huge surge in July, continuing the healthy trend that has existed since the recession (Figure 1). The three month moving average (3MMA) increased for the sixth straight month (Figure 2). The year over year growth rate of the 3MMA grew at 13.8 percent, its best performance since January 2011 but this is misleading because July was such an unusual month for civil aircraft orders.
