Durable Goods Improved In October 2014. The Internals Again Were
The headlines say the durable goods new orders improved. Our analysis agrees – and if you ignore defense aircraft, durable goods were again very soft month-over-month. Econintersect Analysis: unadjusted new orders growth accelerated 0.3% (after decelerating a revised 2.1% the previous month) month-over-month , but is up 5.4% year-over-year. the three month rolling average for unadjusted new orders decelerated 10.6% month-over-month, and up 5.9%…