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Tuesday, February 28, 2012

Durable Goods Orders Ex-Transports

The Durable Goods Orders numbers reported this morning were pretty poor, -3.2% excluding transportation companies.  The data is still in an uptrend though, and is only back to where it was in September of last year.  That said, Durable Goods Orders (which are a nominal number I believe) have not exceeded their pre recession peak.  That makes this data set one of the few nominal indicators that hasn't made a new high.


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