Chart of the Week: Outbound Tender Volume Index – USA, Personal Consumption Expenditures – Durable Goods SONAR: OTVI.USA, PCE.DG
Consumer spending on durable goods expanded dramatically in the second half of 2020, showing a significant connection to FreightWaves’ national Outbound Tender Volume Index (OTVI). Prior to the pandemic, this connection was not as clean thanks to a healthier mix of manufacturing and industrial activity. The biggest question now is what happens if and when this...
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