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Capital Goods Boom Bust Or Wobble 20110816

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Trond Johannessen
Trond Johannessen
Wirtschaft & FinanzenBusiness
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Capital Goods: Boom, Bust or Wobble? Today we got the July reading for Housing Starts. The July raw number was a disaster, but annualized and seasonally adjusted number got adjusted with a seasonal factor of 102,1 compared to 112,4 in 2010. Using the 2010 factor, the reading would be 542K units, a drop from June of 12%. The 12-month moving average is at all-time lows and dipped again in July. Looks like at least wobble, definitely far to a next boom. 16/08/2011
16/08/2011 US recessions
Capital GoodsCurrentM&A Status 16/08/2011
TrondJohannessen Director Phimark BV +31 620 59 1015 trond@phimark.com 16/08/2011

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Capital Goods Boom Bust Or Wobble 20110816

  • 1. Capital Goods: Boom, Bust or Wobble? Today we got the July reading for Housing Starts. The July raw number was a disaster, but annualized and seasonally adjusted number got adjusted with a seasonal factor of 102,1 compared to 112,4 in 2010. Using the 2010 factor, the reading would be 542K units, a drop from June of 12%. The 12-month moving average is at all-time lows and dipped again in July. Looks like at least wobble, definitely far to a next boom. 16/08/2011
  • 4. TrondJohannessen Director Phimark BV +31 620 59 1015 trond@phimark.com 16/08/2011