The pipeline of capital goods doesn't look much better: Year-over-year change in nondefense capital goods orders, excluding aircraft, February 1992 – August 2019
| Date | Year-over-year change |
|---|---|
| Feb-1993 | 9.2% |
| Mar-1993 | 4.6% |
| Apr-1993 | 4.8% |
| May-1993 | 2.9% |
| Jun-1993 | 4.7% |
| Jul-1993 | 6.2% |
| Aug-1993 | 8.8% |
| Sep-1993 | 4.5% |
| Oct-1993 | 10.6% |
| Nov-1993 | 7.3% |
| Dec-1993 | 12.8% |
| Jan-1994 | 7.5% |
| Feb-1994 | 12.9% |
| Mar-1994 | 11.8% |
| Apr-1994 | 13.9% |
| May-1994 | 13.2% |
| Jun-1994 | 16.1% |
| Jul-1994 | 13.1% |
| Aug-1994 | 13.0% |
| Sep-1994 | 13.2% |
| Oct-1994 | 13.3% |
| Nov-1994 | 14.0% |
| Dec-1994 | 6.7% |
| Jan-1995 | 18.9% |
| Feb-1995 | 10.7% |
| Mar-1995 | 11.8% |
| Apr-1995 | 8.8% |
| May-1995 | 13.0% |
| Jun-1995 | 7.7% |
| Jul-1995 | 4.4% |
| Aug-1995 | 7.0% |
| Sep-1995 | 11.1% |
| Oct-1995 | 9.4% |
| Nov-1995 | 8.4% |
| Dec-1995 | 10.9% |
| Jan-1996 | 1.3% |
| Feb-1996 | 6.5% |
| Mar-1996 | 8.0% |
| Apr-1996 | 2.8% |
| May-1996 | 4.3% |
| Jun-1996 | 7.5% |
| Jul-1996 | 11.1% |
| Aug-1996 | 6.9% |
| Sep-1996 | 0.8% |
| Oct-1996 | 4.5% |
| Nov-1996 | 5.8% |
| Dec-1996 | -0.9% |
| Jan-1997 | 8.4% |
| Feb-1997 | 10.4% |
| Mar-1997 | 8.9% |
| Apr-1997 | 14.4% |
| May-1997 | 6.8% |
| Jun-1997 | 8.6% |
| Jul-1997 | 15.5% |
| Aug-1997 | 14.7% |
| Sep-1997 | 20.7% |
| Oct-1997 | 9.6% |
| Nov-1997 | 10.1% |
| Dec-1997 | 15.0% |
| Jan-1998 | 9.3% |
| Feb-1998 | 9.4% |
| Mar-1998 | 6.4% |
| Apr-1998 | 1.6% |
| May-1998 | 8.6% |
| Jun-1998 | 5.4% |
| Jul-1998 | -3.9% |
| Aug-1998 | -1.0% |
| Sep-1998 | 0.2% |
| Oct-1998 | -2.2% |
| Nov-1998 | 0.3% |
| Dec-1998 | 4.1% |
| Jan-1999 | 0.6% |
| Feb-1999 | -1.3% |
| Mar-1999 | 3.4% |
| Apr-1999 | 5.4% |
| May-1999 | 2.1% |
| Jun-1999 | 0.0% |
| Jul-1999 | 9.5% |
| Aug-1999 | 7.1% |
| Sep-1999 | 4.9% |
| Oct-1999 | 9.1% |
| Nov-1999 | 6.3% |
| Dec-1999 | 7.6% |
| Jan-2000 | 11.9% |
| Feb-2000 | -0.1% |
| Mar-2000 | 6.7% |
| Apr-2000 | 9.3% |
| May-2000 | 6.6% |
| Jun-2000 | 15.7% |
| Jul-2000 | 2.4% |
| Aug-2000 | 4.9% |
| Sep-2000 | 5.5% |
| Oct-2000 | 3.5% |
| Nov-2000 | 1.2% |
| Dec-2000 | -4.4% |
| Jan-2001 | -5.0% |
| Feb-2001 | 3.8% |
| Mar-2001 | -8.6% |
| Apr-2001 | -14.9% |
| May-2001 | -11.2% |
| Jun-2001 | -18.8% |
| Jul-2001 | -16.0% |
| Aug-2001 | -16.4% |
| Sep-2001 | -24.0% |
| Oct-2001 | -21.8% |
| Nov-2001 | -18.0% |
| Dec-2001 | -18.0% |
| Jan-2002 | -22.0% |
| Feb-2002 | -16.9% |
| Mar-2002 | -18.5% |
| Apr-2002 | -8.9% |
| May-2002 | -10.5% |
| Jun-2002 | -11.9% |
| Jul-2002 | -7.3% |
| Aug-2002 | -5.6% |
| Sep-2002 | -5.2% |
| Oct-2002 | -1.3% |
| Nov-2002 | -3.3% |
| Dec-2002 | -5.0% |
| Jan-2003 | 3.1% |
| Feb-2003 | -2.6% |
| Mar-2003 | 9.3% |
| Apr-2003 | -1.5% |
| May-2003 | 0.3% |
| Jun-2003 | 2.2% |
| Jul-2003 | -0.2% |
| Aug-2003 | -1.3% |
| Sep-2003 | 8.1% |
| Oct-2003 | 4.0% |
| Nov-2003 | 5.4% |
| Dec-2003 | 9.4% |
| Jan-2004 | 2.6% |
| Feb-2004 | 4.2% |
| Mar-2004 | 6.3% |
| Apr-2004 | 5.8% |
| May-2004 | 3.1% |
| Jun-2004 | 6.6% |
| Jul-2004 | 8.7% |
| Aug-2004 | 3.0% |
| Sep-2004 | 8.2% |
| Oct-2004 | 5.6% |
| Nov-2004 | 5.7% |
| Dec-2004 | 6.2% |
| Jan-2005 | 15.3% |
| Feb-2005 | 12.4% |
| Mar-2005 | 2.9% |
| Apr-2005 | 11.7% |
| May-2005 | 9.0% |
| Jun-2005 | 10.7% |
| Jul-2005 | 7.3% |
| Aug-2005 | 16.2% |
| Sep-2005 | 3.8% |
| Oct-2005 | 10.8% |
| Nov-2005 | 9.3% |
| Dec-2005 | 8.2% |
| Jan-2006 | 7.9% |
| Feb-2006 | 8.7% |
| Mar-2006 | 15.1% |
| Apr-2006 | 8.8% |
| May-2006 | 12.3% |
| Jun-2006 | 8.0% |
| Jul-2006 | 11.0% |
| Aug-2006 | 6.7% |
| Sep-2006 | 14.8% |
| Oct-2006 | 11.3% |
| Nov-2006 | 10.0% |
| Dec-2006 | 7.6% |
| Jan-2007 | 2.5% |
| Feb-2007 | 2.1% |
| Mar-2007 | 2.8% |
| Apr-2007 | 4.4% |
| May-2007 | 1.0% |
| Jun-2007 | 2.2% |
| Jul-2007 | 1.9% |
| Aug-2007 | 2.8% |
| Sep-2007 | -2.7% |
| Oct-2007 | -2.0% |
| Nov-2007 | -1.9% |
| Dec-2007 | 3.4% |
| Jan-2008 | 6.6% |
| Feb-2008 | 4.0% |
| Mar-2008 | -0.9% |
| Apr-2008 | 5.3% |
| May-2008 | 5.8% |
| Jun-2008 | 4.2% |
| Jul-2008 | 4.0% |
| Aug-2008 | 0.4% |
| Sep-2008 | -2.5% |
| Oct-2008 | -8.8% |
| Nov-2008 | -7.2% |
| Dec-2008 | -18.2% |
| Jan-2009 | -27.4% |
| Feb-2009 | -24.4% |
| Mar-2009 | -26.2% |
| Apr-2009 | -32.4% |
| May-2009 | -28.9% |
| Jun-2009 | -25.5% |
| Jul-2009 | -24.6% |
| Aug-2009 | -24.6% |
| Sep-2009 | -16.6% |
| Oct-2009 | -12.4% |
| Nov-2009 | -12.8% |
| Dec-2009 | -2.3% |
| Jan-2010 | 5.7% |
| Feb-2010 | 6.2% |
| Mar-2010 | 14.6% |
| Apr-2010 | 11.8% |
| May-2010 | 17.2% |
| Jun-2010 | 18.3% |
| Jul-2010 | 10.6% |
| Aug-2010 | 17.0% |
| Sep-2010 | 12.9% |
| Oct-2010 | 10.9% |
| Nov-2010 | 14.5% |
| Dec-2010 | 13.7% |
| Jan-2011 | 15.9% |
| Feb-2011 | 10.6% |
| Mar-2011 | 10.6% |
| Apr-2011 | 17.8% |
| May-2011 | 11.7% |
| Jun-2011 | 6.3% |
| Jul-2011 | 14.9% |
| Aug-2011 | 10.3% |
| Sep-2011 | 9.6% |
| Oct-2011 | 17.0% |
| Nov-2011 | 7.7% |
| Dec-2011 | 10.8% |
| Jan-2012 | 11.6% |
| Feb-2012 | 18.1% |
| Mar-2012 | 11.9% |
| Apr-2012 | 9.6% |
| May-2012 | 8.2% |
| Jun-2012 | 5.5% |
| Jul-2012 | 0.4% |
| Aug-2012 | -1.5% |
| Sep-2012 | -2.6% |
| Oct-2012 | -2.6% |
| Nov-2012 | 2.5% |
| Dec-2012 | -3.1% |
| Jan-2013 | 2.8% |
| Feb-2013 | -5.1% |
| Mar-2013 | -5.1% |
| Apr-2013 | -1.0% |
| May-2013 | 0.0% |
| Jun-2013 | 2.7% |
| Jul-2013 | 1.3% |
| Aug-2013 | 3.5% |
| Sep-2013 | 3.7% |
| Oct-2013 | -2.3% |
| Nov-2013 | 2.3% |
| Dec-2013 | 0.7% |
| Jan-2014 | -2.4% |
| Feb-2014 | 1.4% |
| Mar-2014 | 3.5% |
| Apr-2014 | -1.5% |
| May-2014 | -5.1% |
| Jun-2014 | 0.9% |
| Jul-2014 | 2.3% |
| Aug-2014 | 3.8% |
| Sep-2014 | 4.6% |
| Oct-2014 | 1.6% |
| Nov-2014 | -5.7% |
| Dec-2014 | -1.9% |
| Jan-2015 | -3.1% |
| Feb-2015 | -4.3% |
| Mar-2015 | -5.7% |
| Apr-2015 | -3.4% |
| May-2015 | -4.4% |
| Jun-2015 | -8.9% |
| Jul-2015 | -5.2% |
| Aug-2015 | -7.2% |
| Sep-2015 | -8.6% |
| Oct-2015 | -3.6% |
| Nov-2015 | -3.3% |
| Dec-2015 | -8.6% |
| Jan-2016 | -6.1% |
| Feb-2016 | -5.4% |
| Mar-2016 | -5.9% |
| Apr-2016 | -5.4% |
| May-2016 | -5.5% |
| Jun-2016 | -5.5% |
| Jul-2016 | -5.5% |
| Aug-2016 | -2.6% |
| Sep-2016 | -5.0% |
| Oct-2016 | -4.7% |
| Nov-2016 | -2.7% |
| Dec-2016 | 0.9% |
| Jan-2017 | 0.8% |
| Feb-2017 | 3.1% |
| Mar-2017 | 4.3% |
| Apr-2017 | 5.1% |
| May-2017 | 7.6% |
| Jun-2017 | 6.2% |
| Jul-2017 | 6.1% |
| Aug-2017 | 4.4% |
| Sep-2017 | 13.2% |
| Oct-2017 | 11.8% |
| Nov-2017 | 7.5% |
| Dec-2017 | 10.3% |
| Jan-2018 | 6.2% |
| Feb-2018 | 7.7% |
| Mar-2018 | 5.9% |
| Apr-2018 | 6.8% |
| May-2018 | 6.8% |
| Jun-2018 | 8.4% |
| Jul-2018 | 9.1% |
| Aug-2018 | 7.6% |
| Sep-2018 | 1.7% |
| Oct-2018 | 4.1% |
| Nov-2018 | 6.1% |
| Dec-2018 | 1.9% |
| Jan-2019 | 4.1% |
| Feb-2019 | 2.4% |
| Mar-2019 | 3.8% |
| Apr-2019 | 1.1% |
| May-2019 | 1.1% |
| Jun-2019 | 0.9% |
| Jul-2019 | -0.8% |
| Aug-2019 | -0.4% |
Source: EPI analysis of data from U.S. Census Bureau, Manufacturers' Shipments, Inventories, and Orders.