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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.