US Economics

US Data Response
28 February, 2012

Durable Goods Orders (Jan.)

The 4.0% m/m decline in durable goods orders in January, which more than reversed a 3.2% m/m gain in December, suggests that the expiry at the end of last year of the accelerated tax allowances for capital depreciation may have been a bigger factor than we previously thought. It now looks like any gain in business investment in equipment and software in the first quarter will be pretty modest, supporting our view that overall GDP growth will be a modest 1% to 2% annualised....

US Economics

US Data Response
24 February, 2011

Durable Goods Orders (Jan.)

The manufacturing recovery is still picking up momentum. The 2.7% m/m increase in durable goods orders in January is better than it looks when we take into account the big revision to December’s figures, which now show only a 0.4% m/m decline compared with an initial estimate of a 2.5% m/m drop....

US Economics

US Data Response
25 February, 2010

Durable Goods Orders (Jan.)

 ...

US Economics

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The Trouble with Europe

by Roger Bootle

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The Guardian

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