Tag

Durable Goods

All articles tagged with #durable goods

business12 days ago•312 min saved

Gas prices squeeze budgets as April retail shows mixed demand

Americans are paying more at the pump as gas prices rise amid international tensions, while April retail sales rose 0.5% from March. Gas-station sales jumped 2.8% after March’s 13.7% surge, even as purchases at furniture stores, auto dealers, department stores and clothing shops declined. The core “control group” rose 0.46%, indicating underlying demand remains solid despite price spikes. The labor market remains healthy with unemployment at 4.3% and 115,000 jobs added in April, suggesting spending resilience for now, though extended high energy costs could weigh on budgets later in the year.

via CNN|

#business #consumer-spending #durable-goods

economy3 months ago•35 min saved

AI-fueled Investment Boom Pushes Core Capital Goods to Fresh Highs

US November core capital goods orders rose 0.7% from October to a record $78.4 billion, part of a five‑month surge that signals robust business investment aided by AI infrastructure buildout across fabricated metal products, machinery, and electronics. While this suggests continued growth, the underlying story remains that the boom could fade if projects don’t translate into sustained demand or profits.

via Wolf Street|

#ai-infrastructure #business-investment #core-capital-goods

economy8 months ago•4 min saved

Inflation Persists in Services Despite Rate Cuts and Stable Yields

Inflation is rising in the US services sector, with the PCE Price Index showing acceleration, despite Fed Chair Powell's claims to the contrary, while durable goods prices continue to decline, reflecting changing consumer behavior and market conditions.

via Wolf Street|

#durable-goods #economy #fed

economy9 months ago•4 min saved

US Inflation Trends and Consumer Resilience Signal Economic Shifts

Inflation in core services, which account for two-thirds of consumer spending, continues to accelerate, driven by non-housing services, while durable goods prices, affected by tariffs, have turned negative. Overall, inflation remains above the Fed's 2% target, with services inflation being particularly persistent and difficult to control, and companies still enjoying high profits despite the challenging pricing environment.

via Wolf Street|

#durable-goods #economy #inflation

economics2 years ago•2 min saved

"US Durable Goods Orders Surge, Defying Expectations and Signaling Economic Rebound"

The Commerce Department significantly revised March durable goods orders from +2.6% to +0.8%, and April saw a 0.7% increase, driven mainly by transportation equipment. Despite these gains, inflation-adjusted data shows that real new orders and shipments are declining, indicating potential economic weakness. Consistent negative revisions in economic data, including new home sales and job reports, suggest a possible recession.

via Mish Talk|

#commerce-department #durable-goods #economic-data

economics2 years ago•0 min saved

"US Durable Goods Orders Surpass Expectations with 0.7% Increase in April"

US durable goods orders rose by 0.7% in April, surpassing the expected -0.8%, marking the third consecutive monthly increase. Transportation equipment led the rise with a 1.2% gain. Excluding transportation, orders were up 0.4%, and shipments increased by 1.2% month-on-month. However, these figures can be volatile, as evidenced by last month's preliminary 2.6% gain being revised down to 0.8%.

via ForexLive|

#durable-goods #economic-indicators #economics

economy2 years ago•5 min saved

"The Unnoticed Decline: The Surprising Drop in Prices You've Overlooked"

While inflation remains above the Federal Reserve's target, the prices of durable goods, such as used cars and appliances, have been falling. However, many Americans may not feel the impact as they are spending more on experiences and limiting purchases of goods. Groceries, healthcare, and other daily expenses continue to inflate, putting a strain on Americans' wallets. Although some items are getting cheaper, overall inflation and rising prices for services are still making many Americans feel the financial pressure.

via Business Insider|

#consumer-spending #durable-goods #economy

economy2 years ago•2 min saved

Durable Goods Orders Plunge 5.4% Amidst Manufacturing Weakness

Durable goods new orders in the US fell by 5.4 percent in October, but the headline number is not as bad as it seems due to wild swings in aircraft orders. Excluding transportation, new orders were virtually unchanged, while shipments of durable goods decreased by 0.9 percent. Motor vehicles and parts, as well as core capital goods, were down for two consecutive months. Inflation, particularly in rent and food prices, continues to impact the economy.

via Mish Talk|

#capital-goods #durable-goods #economy

finance2 years ago•4 min saved

Stock Market Volatility Continues: Mixed Results for Dow Jones and Pool Equipment Stocks

The stock market experienced further losses, with major indexes declining and remaining below their moving averages. August durable goods numbers showed improvement but were not enough to reverse the selling trend. Pool equipment stock Hayward Holdings rallied over 8% after being added to the S&P SmallCap 600 index. Other stocks in action included Arch Resources, Tidewater, Stride, Costco Wholesale, Meta Platforms, Amazon.com, MillerKnoll, Mattel, XPO, Levi Strauss, and ChargePoint Holdings. Investors are awaiting inflation data and the August personal income and outlays report.

via Investor's Business Daily|

#durable-goods #energy-stocks #finance

economy2 years ago•0 min saved

"US Factory Orders Plummet in July, Raising Concerns for the Economy"

US factory orders for manufactured goods dropped 2.1% in July, marking the first decline after four consecutive monthly gains. Economists attribute the decrease to higher interest rates impacting business equipment spending. Durable-goods orders fell 5.2%, while non-durable goods orders rose 1.1%. US stocks traded lower following the long holiday weekend.

via MarketWatch|

#durable-goods #economic-indicators #economy

economy2 years ago•3 min saved

Rising UK Services Inflation: A Global Crisis Unleashed

Services inflation in the UK has spiked to a 40-year high, driven by increases in insurance, rents, transportation services, healthcare services, and hospitality. This surge in services inflation is a global phenomenon, with similar price spikes occurring in the Eurozone. In contrast, inflation in durable goods and food has cooled, partly due to the resolution of supply chain disruptions. The overall Consumer Price Index (CPI) in the UK rose by 6.8% in July compared to a year ago, the smallest increase since February 2022, primarily due to plunging motor fuel prices. However, the persistent inflation in services suggests that the downtrend in overall CPI may be short-lived.

via WOLF STREET|

#cpi #durable-goods #economy

economy2 years ago•4 min saved

Inflation Stagnation and Slumping Spending: A Slow Progress Report

The core PCE price index, the inflation measure favored by the Fed, remained stuck near 4.6% for the sixth consecutive month, while core services inflation stayed at a 38-year high of 5.4%. Durable goods prices, which had been dropping, rose again due to a spike in motor vehicle prices. Energy prices plunged, contributing to a decrease in the overall PCE price index. Food prices saw a slight increase, while the overall PCE price index rose by 3.8%, the lowest since April 2021.

via WOLF STREET|

#core-pce #durable-goods #economy

business3 years ago•0 min saved

US Factory Orders Continue to Rise in April

US factory orders rose 0.4% in April, marking the fourth increase in the past five months, led by transportation equipment. Excluding that sector, orders were down 0.2%. Durable-goods orders rose 1.1% in April, while nondurable-goods orders fell 0.1%. Orders for nondefense capital goods, excluding aircraft, rose a revised 1.3% in April, led by computers and machinery.

via MarketWatch|

#business #durable-goods #factory-orders

economy3 years ago•3 min saved

US Inflation Heats Up, Fed Considers Future Rate Hikes

The core PCE price index, the inflation index favored by the Fed, re-accelerated in April, remaining near the 5% level for nearly a year, as inflation shifts from category to category. Services inflation re-accelerated in April, driven by spikes in healthcare and housing costs, while durable goods prices rose, driven by a jump in motor vehicles and parts. The PCE price index for gasoline and other energy goods spiked in April, while the PCE price index for food was roughly unchanged. The overall PCE price index re-accelerated to an increase of 4.4% in April compared to a year ago, pushed down by the year-over-year plunge in energy prices.

via WOLF STREET|

#core-pce-price-index #durable-goods #economy

finance3 years ago•1 min saved

US Durable Goods Orders Impact Gold Prices and Business Investment

Gold prices remain steady around $2,000 an ounce despite strong-than-expected US durable goods data, with June gold futures trading at $2,008.70 an ounce, up 0.21% on the day. While economists expect recession fears to ease, some analysts note further weakness in the manufacturing sector as core durable goods, excluding transportation and defense spending, fell 0.4% last month, down from February’s 0.2% increase.

via Kitco NEWS|

#analysts #durable-goods #finance