1. Paul Young CPA, CGA
Management/Financial Solutions Consultant
Date: February 28, 2017
United States Durable Goods – January 2017

2. • Summary
• Analysis of Durable Goods
• Canada Economic Forecast (including business investment)
• United States Economic Forecast (including business Investment)
Agenda

3. USA Durable Goods/Graph

4. Source - https://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf or http://www.cnbc.com/2017/02/27/us-durable-goods-orders-jan-2017.html
Durable Goods
Strengths
Weakness

5. • Source – Scotiabank
Analysis of Durable Goods
Key quotes:
• Business investment in machinery and equipment is only about 6%
of the US economy in real terms, so on its own, a pick-up in
investment would help the broad economic outlook, but it would be
inadequate to super-accelerate the US economic outlook.
• Orders for computers and electronics were down 1.6%, electrical
equipment fell 2.2%, and primary metals were 1.6% lower.
Machinery orders were up 0.5% and fabricated metals advanced by
1.9%. – Scotiabank

6. • Source - BMO
Canada Economic outlook

7. • Source - BMO
USA Economic outlook