All Posts Tagged: non-defense capital goods
We got a number of somewhat better U.S. economic reports this week, mostly from the housing market.
For more on this and other economic developments this week, see my full analysis. Highlights are outlined below, followed by a link to the full U.S. Outlook report, delivered on May 29.Key observations:
- Non-defense capital goods orders, excluding aircraft, were revised higher for March and January of this year, and November and December of last year.
- The bright spot in the economy continues to be the prospect of stronger housing activity and consumer spending in 2015.
- The rising demand for existing homes is continuing to push existing home prices higher.