TLT - Advanced Durable Goods Shipments Feb 2024: Still Weak
2024-03-26 12:00:09 ET
Summary
- The Census Bureau released data on Advanced Durable Goods Manufacturers' Shipments, Inventories, and Orders in the U.S. for February 2024.
- Overall growth in durable goods shipments remains weak, with the 3-month and 6-month rates of change ranking in the 24th and 25th percentiles.
- Despite weakness in the durable goods sector, there is little incremental weakness compared to 3 months ago. Therefore, policy implications for the Fed are inconclusive.
- Weakness in primary metals and durable goods excluding manufacturing could have implications for cyclical sectors in the U.S. equity market.
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Advanced Durable Goods Shipments Feb 2024: Still Weak