Tuesday, February 27. 2007
January Durables
As if on cue after noting that the phrase "soft landing" still includes the word "landing", we have the advance report on durable goods. In a word, ouch. This may be a blip, but it's not a pretty one.
New orders for manufactured durable goods in January decreased $17.1 billion or 7.8 percent to $203.9 billion, the U.S. Census Bureau announced today. This followed two consecutive monthly increases including a 2.8 percent December increase. Excluding transportation, new orders decreased 3.1 percent. Excluding defense, new orders decreased 7.8 percent.
Highlights From The Advance Report On Manufacturers' Shipments, Inventories, And Orders
U.S. Census Bureau Manufacturing and Construction Division, 27. Feb. 2007
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Tracked: Mar 13, 16:31
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Tracked: Mar 28, 13:28