Durable Goods Spending Grows Modestly

The month-over-month rate of growth was below average for every month but one since August 2018. 

In November, the month-over-month rate of growth for durable goods spending was 4.8%, which showed decelerating growth for the second-straight month. Additionally, the month-over-month rate of growth was below average for every month but one since August 2018. 

The annual rate of growth was unchanged at 4.2%, the slowest annual rate of growth since September 2010. However, because of declining change in the real 10-year Treasury rate and the somewhat faster month-over-month growth compared with 6-12 months ago, there could be some modest acceleration in the annual rate of growth heading into 2020.

Below are key spending categories that lead the most important manufacturing new orders and production indices.

Accelerating Growth: air transportation services, electronics, medical care, other non-durable goods

Decelerating Growth: clothing/footwear, durable goods, food/beverage, motor vehicles/parts, pleasure boats, total consumer

Accelerating Contraction: 

Decelerating Contraction: appliances

Reports

Top Shops

‘Top Shops’ is a benchmarking and recognition program designed to help shops build their business.

World Machine Tool Survey

An independent annual survey that collects statistics from machine tool consuming and producing countries and compares them in real U.S. dollars.

Capital Spending Survey

An annual survey that collects statistics regarding budgeted spending on machine tools, testing equipment, software and more.

Gardner Business Index

A diffusion index measuring month-to-month changes in activity at durable goods and discrete parts manufacturing facilities.