Durable Goods

Plan to rent a car soon? It’s best to start your search early

An unexpected cross-country trip wasn’t something Jenavy Castro-Hernandez thought she and seven other family members would be doing, but when her uncle’s job sent him to New York, they packed their things, ready to meet him there by March 14. Arranging five children and three adults into her aunt’s old […]

Durable goods orders continue to rise despite lack of supply

Durable goods orders increased in January showing the economy’s resilience, despite global supply chain snafus and the third year of the COVID-19 pandemic approaching.  New orders for durable goods – products that last for three years or more – rose 1.6 percent. This is the eighth increase over the last […]

Five things to watch in the March durable goods orders report

The Commerce Department releases its advance report on durable goods – a key indicator of future manufacturing activity – on Monday. The report, based on results obtained from 4,300 manufacturers, is expected to provide more proof that the economy is ramping up faster than anticipated.  Here are five things to […]

US Manufacturing Takes Its Hardest Hit Since 2009

New orders and employment tumbled in March at the quickest speed since 2009, signaling a tough road ahead for U.S. manufacturers. March’s Institute for Supply Management’s report on business declined to 49.1%, an indication of contraction for the U.S. economy. The index, based on a survey of U.S. manufacturing companies, […]

5 Things to Watch for in March’s Durable Goods Report

The U.S. Commerce Department is scheduled to release its monthly durable goods report on Thursday. The report will cover business investment data derived from March. Over the past few months, prior reports have shown high fluctuations between new orders and shipments, but economist expect U.S. durable goods will continue to […]