Durable goods orders
New orders for durable goods falling YoY (ISM new-orders proxy).
Durable goods orders capture business and consumer commitment to big-ticket purchases — machinery, vehicles, appliances. They are noisy month-to-month but the year-over-year trend turns negative early in slowdowns as firms postpone investment first.
Rule
{"type":"yoy","op":"<","threshold":0,"warn":3}
Glossary: Durable goods orders →
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