Businesses are investing — orders and sales are growing.

Core Capital-Goods Orders · year-over-year

Core capex: 12.60% — Core capital-goods orders are growing 12.6% 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

Real Business Sales · year-over-year

Real sales: 2.20% — Real business sales are growing 2.2% a year. That’s the 38th 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: 1.30 — Inventories equal 1.30 months of sales — lean and healthy. That’s the 24th 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