Skip to comments.Durable-goods orders drop in September
Posted on 10/26/2011 7:11:14 AM PDT by Free Vulcan
Bookings for U.S.-made products designed to last at least three years fell by 0.8% last month, the Commerce Department said. Economists surveyed by MarketWatch had expected a 1.0% decrease.
Transportation orders slumped 7.5% to account for virtually the entire decline...
...Excluding transportation, however, orders climbed 1.7% in September. Demand increased for computers, primary metals, fabricated metals, heavy machinery and electrical equipment.
(Excerpt) Read more at marketwatch.com ...
Ex-transp. orders were really strong
Yes, they were, but looking at these numbers monthly is like comparing today's snowfall to yesterday's and drawing conclusions about climate change.