Wednesday, November 27, 2013

Despite the Government Shutdown...

Commerce Department Durable Goods report.

Capital Goods
Nondefense new orders for capital goods in October
decreased $3.2 billion or 3.9 percent to $77.9 billion.
Shipments increased slightly to $74.2 billion. Unfilled
orders increased $3.7 billion or 0.6 percent to $620.8
billion. Inventories increased $1.0 billion or 0.6 percent
to $174.2 billion. 
 
Defense new orders for capital goods in October
decreased $1.7 billion or 16.3 percent to $8.7 billion.
Shipments decreased $0.2 billion or 2.4 percent to $9.8
billion. Unfilled orders decreased $1.0 billion or 0.6
percent to $167.1 billion. Inventories decreased slightly 
or 0.2 percent to $23.0 billion. 

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It actually does seem that the shutdown did affect capital purchases.  Sadly the lesson of the Federal government being so large it endangers the economy is lost on most. 

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