Businesses are investing — orders and sales are growing.

Core Capital-Goods Orders · year-over-year

Core capex: 12.50% — Core capital-goods orders are growing 12.5% a year. That’s the 89th percentile of all its readings since 1993.

How we score this: alert below -10.00% · elevated -10.00% to -3.00% · watch -3.00% to 0.00% · ok 0.00% and up full method

Core capex: a fresh high in recent readings.

Real Business Sales · year-over-year

Real sales: 1.30% — Real business sales are growing 1.3% a year. That’s the 27th percentile of all its readings since 1968.

How we score this: alert below -6.00% · elevated -6.00% to -2.00% · watch -2.00% to 0.00% · ok 0.00% and up full method

Inventories-to-Sales Ratio

Inv./sales: 1.28 — Inventories equal 1.28 months of sales — lean and healthy. That’s the 13th percentile of all its readings since 1992.

How we score this: ok below 1.40 · watch 1.40 to 1.50 · elevated 1.50 and up full method

Inv./sales: down 7 readings in a row, to its lowest in recent readings.