DGO Recover but down Year/Year.

Durable Goods Orders  (June 2015)

– New Orders month/month 3.4%. Previous was -2.1%.
– New Orders year/year    -2.8%. Previous was -3.1%
– Ex-transportation month/month  0.8%. Previous was -0.1%
– Ex-transportation year/year    -4.5%. Previous was -2.5%.

While June may be better that the previous month the year/year still shows weakness and the continuing problems with the economies of Europe and China will affect DGO.

 
Dallas Federal Reserve Manufacturing Survey  (July 2015)

– Production Index   -4.6. Previous was -6.5.
This is an index based on a survey of Texas manufacturers.