Kiplinger Recovery Index Slides Tantalizingly Closer
The Kiplinger Recovery Index, which tracks six major economic indicators for signs of recovery, hasn’t clicked a third index to green, yet, but Durable Goods orders are sliding ever-up.
These are big-ticket items that companies wouldn’t commit to buying if their finances were shaky or if they didn’t expect increased demand. A three-month uptrend, excluding defense, aircraft and transportation, would be a good sign.
The indicator’s only about 2/3 of the way to “good” because most of the durable goods orders responsible for July’s 5% jump are for civilian aircraft, which are more volatile than other big orders.
Anyway, recovery ho!
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