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.