No evidence the TCJA has increased orders of capital goods: Year-over-year change in nondefense capital goods, excluding aircraft, February 1992 - August 2018
| date | Nondefense capital goods |
|---|---|
| Feb-1993 | 9.17% |
| Mar-1993 | 4.64% |
| Apr-1993 | 4.83% |
| May-1993 | 2.87% |
| Jun-1993 | 4.68% |
| Jul-1993 | 6.24% |
| Aug-1993 | 8.80% |
| Sep-1993 | 4.46% |
| Oct-1993 | 10.59% |
| Nov-1993 | 7.26% |
| Dec-1993 | 12.83% |
| Jan-1994 | 7.45% |
| Feb-1994 | 12.92% |
| Mar-1994 | 11.79% |
| Apr-1994 | 13.95% |
| May-1994 | 13.15% |
| Jun-1994 | 16.09% |
| Jul-1994 | 13.11% |
| Aug-1994 | 12.97% |
| Sep-1994 | 13.23% |
| Oct-1994 | 13.34% |
| Nov-1994 | 14.00% |
| Dec-1994 | 6.67% |
| Jan-1995 | 18.88% |
| Feb-1995 | 10.70% |
| Mar-1995 | 11.76% |
| Apr-1995 | 8.80% |
| May-1995 | 12.96% |
| Jun-1995 | 7.66% |
| Jul-1995 | 4.42% |
| Aug-1995 | 6.97% |
| Sep-1995 | 11.06% |
| Oct-1995 | 9.41% |
| Nov-1995 | 8.39% |
| Dec-1995 | 10.90% |
| Jan-1996 | 1.30% |
| Feb-1996 | 6.46% |
| Mar-1996 | 7.99% |
| Apr-1996 | 2.83% |
| May-1996 | 4.35% |
| Jun-1996 | 7.48% |
| Jul-1996 | 11.06% |
| Aug-1996 | 6.90% |
| Sep-1996 | 0.80% |
| Oct-1996 | 4.52% |
| Nov-1996 | 5.76% |
| Dec-1996 | -0.89% |
| Jan-1997 | 8.40% |
| Feb-1997 | 10.37% |
| Mar-1997 | 8.87% |
| Apr-1997 | 14.43% |
| May-1997 | 6.77% |
| Jun-1997 | 8.57% |
| Jul-1997 | 15.52% |
| Aug-1997 | 14.68% |
| Sep-1997 | 20.71% |
| Oct-1997 | 9.56% |
| Nov-1997 | 10.07% |
| Dec-1997 | 15.04% |
| Jan-1998 | 9.34% |
| Feb-1998 | 9.35% |
| Mar-1998 | 6.42% |
| Apr-1998 | 1.57% |
| May-1998 | 8.63% |
| Jun-1998 | 5.45% |
| Jul-1998 | -3.90% |
| Aug-1998 | -0.99% |
| Sep-1998 | 0.19% |
| Oct-1998 | -2.19% |
| Nov-1998 | 0.34% |
| Dec-1998 | 4.14% |
| Jan-1999 | 0.61% |
| Feb-1999 | -1.32% |
| Mar-1999 | 3.44% |
| Apr-1999 | 5.40% |
| May-1999 | 2.12% |
| Jun-1999 | 0.04% |
| Jul-1999 | 9.54% |
| Aug-1999 | 7.07% |
| Sep-1999 | 4.94% |
| Oct-1999 | 9.11% |
| Nov-1999 | 6.34% |
| Dec-1999 | 7.62% |
| Jan-2000 | 11.92% |
| Feb-2000 | -0.13% |
| Mar-2000 | 6.68% |
| Apr-2000 | 9.31% |
| May-2000 | 6.59% |
| Jun-2000 | 15.66% |
| Jul-2000 | 2.43% |
| Aug-2000 | 4.90% |
| Sep-2000 | 5.54% |
| Oct-2000 | 3.46% |
| Nov-2000 | 1.16% |
| Dec-2000 | -4.43% |
| Jan-2001 | -4.95% |
| Feb-2001 | 3.76% |
| Mar-2001 | -8.64% |
| Apr-2001 | -14.86% |
| May-2001 | -11.22% |
| Jun-2001 | -18.84% |
| Jul-2001 | -15.96% |
| Aug-2001 | -16.35% |
| Sep-2001 | -23.97% |
| Oct-2001 | -21.77% |
| Nov-2001 | -17.95% |
| Dec-2001 | -18.01% |
| Jan-2002 | -22.02% |
| Feb-2002 | -17.29% |
| Mar-2002 | -17.84% |
| Apr-2002 | -9.17% |
| May-2002 | -9.93% |
| Jun-2002 | -11.54% |
| Jul-2002 | -7.23% |
| Aug-2002 | -5.87% |
| Sep-2002 | -5.21% |
| Oct-2002 | -1.05% |
| Nov-2002 | -3.99% |
| Dec-2002 | -5.67% |
| Jan-2003 | 3.49% |
| Feb-2003 | -2.43% |
| Mar-2003 | 8.89% |
| Apr-2003 | -1.33% |
| May-2003 | -0.13% |
| Jun-2003 | 2.10% |
| Jul-2003 | -0.10% |
| Aug-2003 | -1.08% |
| Sep-2003 | 8.08% |
| Oct-2003 | 3.56% |
| Nov-2003 | 5.49% |
| Dec-2003 | 9.76% |
| Jan-2004 | 2.57% |
| Feb-2004 | 4.50% |
| Mar-2004 | 6.43% |
| Apr-2004 | 5.67% |
| May-2004 | 3.05% |
| Jun-2004 | 6.56% |
| Jul-2004 | 8.18% |
| Aug-2004 | 2.99% |
| Sep-2004 | 8.46% |
| Oct-2004 | 5.56% |
| Nov-2004 | 5.86% |
| Dec-2004 | 6.14% |
| Jan-2005 | 15.50% |
| Feb-2005 | 12.72% |
| Mar-2005 | 2.78% |
| Apr-2005 | 11.58% |
| May-2005 | 8.99% |
| Jun-2005 | 10.35% |
| Jul-2005 | 7.37% |
| Aug-2005 | 16.04% |
| Sep-2005 | 4.03% |
| Oct-2005 | 10.64% |
| Nov-2005 | 9.70% |
| Dec-2005 | 7.92% |
| Jan-2006 | 8.16% |
| Feb-2006 | 8.81% |
| Mar-2006 | 14.89% |
| Apr-2006 | 8.81% |
| May-2006 | 12.34% |
| Jun-2006 | 8.06% |
| Jul-2006 | 10.44% |
| Aug-2006 | 7.05% |
| Sep-2006 | 14.84% |
| Oct-2006 | 11.39% |
| Nov-2006 | 10.13% |
| Dec-2006 | 7.83% |
| Jan-2007 | 2.20% |
| Feb-2007 | 2.04% |
| Mar-2007 | 2.57% |
| Apr-2007 | 4.56% |
| May-2007 | 0.84% |
| Jun-2007 | 2.15% |
| Jul-2007 | 1.96% |
| Aug-2007 | 2.88% |
| Sep-2007 | -2.67% |
| Oct-2007 | -1.61% |
| Nov-2007 | -1.69% |
| Dec-2007 | 3.21% |
| Jan-2008 | 6.35% |
| Feb-2008 | 4.07% |
| Mar-2008 | -1.09% |
| Apr-2008 | 5.17% |
| May-2008 | 5.37% |
| Jun-2008 | 4.41% |
| Jul-2008 | 4.06% |
| Aug-2008 | 0.41% |
| Sep-2008 | -2.41% |
| Oct-2008 | -8.75% |
| Nov-2008 | -7.24% |
| Dec-2008 | -18.03% |
| Jan-2009 | -27.68% |
| Feb-2009 | -24.46% |
| Mar-2009 | -25.77% |
| Apr-2009 | -32.33% |
| May-2009 | -28.98% |
| Jun-2009 | -25.63% |
| Jul-2009 | -24.60% |
| Aug-2009 | -24.60% |
| Sep-2009 | -16.89% |
| Oct-2009 | -12.22% |
| Nov-2009 | -12.79% |
| Dec-2009 | -2.12% |
| Jan-2010 | 5.75% |
| Feb-2010 | 5.89% |
| Mar-2010 | 14.48% |
| Apr-2010 | 11.81% |
| May-2010 | 17.22% |
| Jun-2010 | 18.12% |
| Jul-2010 | 10.92% |
| Aug-2010 | 17.29% |
| Sep-2010 | 12.51% |
| Oct-2010 | 11.33% |
| Nov-2010 | 14.30% |
| Dec-2010 | 13.68% |
| Jan-2011 | 15.74% |
| Feb-2011 | 10.52% |
| Mar-2011 | 10.63% |
| Apr-2011 | 18.13% |
| May-2011 | 11.70% |
| Jun-2011 | 5.90% |
| Jul-2011 | 15.24% |
| Aug-2011 | 10.19% |
| Sep-2011 | 9.61% |
| Oct-2011 | 16.80% |
| Nov-2011 | 7.54% |
| Dec-2011 | 10.94% |
| Jan-2012 | 11.78% |
| Feb-2012 | 17.83% |
| Mar-2012 | 12.17% |
| Apr-2012 | 9.59% |
| May-2012 | 8.38% |
| Jun-2012 | 5.57% |
| Jul-2012 | 0.10% |
| Aug-2012 | -1.52% |
| Sep-2012 | -2.70% |
| Oct-2012 | -2.66% |
| Nov-2012 | 2.68% |
| Dec-2012 | -3.14% |
| Jan-2013 | 2.85% |
| Feb-2013 | -4.95% |
| Mar-2013 | -5.18% |
| Apr-2013 | -0.78% |
| May-2013 | -0.03% |
| Jun-2013 | 2.57% |
| Jul-2013 | 1.63% |
| Aug-2013 | 3.04% |
| Sep-2013 | 3.98% |
| Oct-2013 | -2.61% |
| Nov-2013 | 2.17% |
| Dec-2013 | 1.06% |
| Jan-2014 | -2.43% |
| Feb-2014 | 1.26% |
| Mar-2014 | 3.08% |
| Apr-2014 | -1.48% |
| May-2014 | -4.92% |
| Jun-2014 | 1.33% |
| Jul-2014 | 2.24% |
| Aug-2014 | 3.59% |
| Sep-2014 | 4.78% |
| Oct-2014 | 1.18% |
| Nov-2014 | -5.73% |
| Dec-2014 | -1.76% |
| Jan-2015 | -3.30% |
| Feb-2015 | -4.38% |
| Mar-2015 | -5.65% |
| Apr-2015 | -3.56% |
| May-2015 | -3.90% |
| Jun-2015 | -8.80% |
| Jul-2015 | -5.16% |
| Aug-2015 | -7.29% |
| Sep-2015 | -8.65% |
| Oct-2015 | -3.70% |
| Nov-2015 | -3.04% |
| Dec-2015 | -8.60% |
| Jan-2016 | -6.03% |
| Feb-2016 | -5.35% |
| Mar-2016 | -6.24% |
| Apr-2016 | -5.35% |
| May-2016 | -5.59% |
| Jun-2016 | -5.61% |
| Jul-2016 | -5.35% |
| Aug-2016 | -2.34% |
| Sep-2016 | -4.98% |
| Oct-2016 | -4.49% |
| Nov-2016 | -2.70% |
| Dec-2016 | 0.49% |
| Jan-2017 | 0.93% |
| Feb-2017 | 3.20% |
| Mar-2017 | 4.03% |
| Apr-2017 | 4.83% |
| May-2017 | 7.77% |
| Jun-2017 | 6.53% |
| Jul-2017 | 5.93% |
| Aug-2017 | 4.58% |
| Sep-2017 | 13.29% |
| Oct-2017 | 11.88% |
| Nov-2017 | 7.24% |
| Dec-2017 | 10.50% |
| Jan-2018 | 6.18% |
| Feb-2018 | 7.54% |
| Mar-2018 | 5.66% |
| Apr-2018 | 6.79% |
| May-2018 | 6.83% |
| Jun-2018 | 8.38% |
| Jul-2018 | 8.75% |
| Aug-2018 | 7.05% |
Source: EPI analysis of data from U.S. Census Bureau, Manufacturers' Shipments, Inventories, and Orders