Durable Goods New Orders and Shipments
Compare durable goods new orders with capital goods new orders excluding aircraft. The latter is known as core capital goods because it is a measure of actual business investment.
Despite sentiment numbers that are through the roof, businesses are not putting their money where their sentiment is. I asked a friend connected to the industry his take. I also asked about order cancellations. Here is his reply.
This is drip by drip.