July 2020 Durable Goods New Orders Increase for Third Consecutive Month
Over the last few weeks several measures of durable goods have improved markedly.
Over the last few weeks, several measures of durable goods have improved markedly. After contracting by nearly 18% in March on a month-to-month basis, the May through July period has averaged 11.22% growth. The July reading released today (8/26) was 11.19%
This turning of events supports the outlook expressed by many that the present economic recession will end by year-end 2020, or in the first-half of 2021.