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March durables orders post biggest fall in three years
Rooooooters ^ | April 25, 2012 | Lucia Mutikani

Posted on 04/25/2012 6:09:00 AM PDT by upchuck

Durable goods orders tumbled 4.2 percent, the largest decline since January 2009, the Commerce Department said on Wednesday after a downwardly revised 1.9 percent increase in February.

Economists had forecast orders for durable goods, which range from toasters to aircraft, falling 1.7 percent after a previously reported 2.4 percent rise in February.

Orders were dragged down by a 12.5 percent plunge in bookings for transportation equipment - the most since November 2010.

Excluding transportation, orders fell 1.1 percent after a 1.9 percent rise in February. Economists had forecast this category rising 0.5 percent.

The report added to signs that manufacturing exited the first quarter with less momentum. Data last week showed industrial production was flat in March for a second straight month, while some gauges of regional factory activity weakened in April.

Manufacturing has been one of the main sources of economic growth, but is slowing as euro zone economies slide into recession and China cools.

The plunge in orders for transportation equipment reflected a 47.6 percent drop in bookings for civilian aircraft. Boeing received only 53 orders for aircraft, according to the plane maker's website, down from 237 in February.

Orders for motor vehicles barely rose last month.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: 2012; bhoeconomy; democrateconomy; democrats; durablegoods; economy; elections; hopeandfail; nobama2012; obama; obamanomics
"Economists" had predicted a fall of 1.7%. It fell 2.4%. Does that qualify as "unexpected?"

I reckon the reason for, "Orders for motor vehicles barely rose last month," is because Chevy has temporarily stopped making the Volt. /s

1 posted on 04/25/2012 6:09:02 AM PDT by upchuck
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To: upchuck

Green shoots...


2 posted on 04/25/2012 6:11:06 AM PDT by neodad (USS Vincennes (CG-49) Freedom's Fortress)
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To: neodad

Green shoots of negative growth that Leftists love!


3 posted on 04/25/2012 6:15:32 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: neodad

Everything according to plan.

Pray for America


4 posted on 04/25/2012 6:15:51 AM PDT by bray (Power to We the People)
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To: upchuck

Mr. Obama needs to make a speech...


5 posted on 04/25/2012 6:23:13 AM PDT by MulberryDraw (He who is the Glory of Israel does not lie or change his mind;)
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To: neodad

They have to be sending out for fresh underwear by the truckload over at the DNC these days.

There has just GOT to be some sort of skunkworks operation underway to try and kick Barry to the curb before its too late.


6 posted on 04/25/2012 6:26:10 AM PDT by Buckeye McFrog
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To: neodad

I thought we were in recovery?


7 posted on 04/25/2012 6:26:11 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: MulberryDraw

Mr. Obama needs to make a speech...
______________

It’s ok....he slow jammed the news on Jimmy Fallen....All is well.


8 posted on 04/25/2012 6:39:29 AM PDT by Tulane
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To: Buckeye McFrog

You would think that, but NO ONE in the party or their media is saying or doing anything about baraq.
NO dissent from any of them.

Tells me that they are all on board.
Remember, baraq has started telling his media how they are to report on stories. And they comply.


9 posted on 04/25/2012 6:41:13 AM PDT by Texas resident (Hunkered Down)
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To: upchuck

Yet... a week from Friday, we’ll be told the unemployment figures has dropped to 7.9% and the 0bameconomy produced 250,000 new “jobs” in April.


10 posted on 04/25/2012 6:55:58 AM PDT by ScottinVA (Virgil Goode 2012.)
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To: ScottinVA

figures=figure


11 posted on 04/25/2012 6:57:05 AM PDT by ScottinVA (Virgil Goode 2012.)
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To: upchuck

How will they spin this little tidbit.


12 posted on 04/25/2012 7:02:11 AM PDT by albionin
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To: upchuck

The DOW is up 100 plus. nothing to see here, move along.


13 posted on 04/25/2012 7:03:38 AM PDT by woodenickel
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To: upchuck
"Economists" had predicted a fall of 1.7%. It fell 2.4%. Does that qualify as "unexpected?"

Actually, what the poorly written report says is:

Durable goods orders tumbled 4.2 percent . . . after a downwardly revised 1.9 percent increase in February. Economists had forecast orders for durable goods . . . falling 1.7 percent after a previously reported 2.4 percent rise in February. [red numbers go together, and green numbers go together]

The difference wasn't 0.7%, it was 2.5% and the adjustment to the previous month was another 0.5%. The magnitude of the change qualifies as unexpected.


14 posted on 04/25/2012 7:30:19 AM PDT by Pollster1 (Can we afford as much government as welfare-addicted voters demand?)
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To: All

I’m fully expecting the media to spin this as a net positive as a sign of a strengthening recovery.


15 posted on 04/25/2012 7:37:47 AM PDT by newnhdad (Where will you be during the Election Riots of 2012/2013?)
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To: albionin

How will they spin this little tidbit.


They won’t need to spin it. Very few people will even hear of this. And of those who do hear, few will understand what it means.


16 posted on 04/25/2012 8:28:10 AM PDT by unkus (Silence Is Consent)
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To: newnhdad

Please see Post # 16.


17 posted on 04/25/2012 8:29:10 AM PDT by unkus (Silence Is Consent)
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To: upchuck
Today's news ... will the U.S. follow?

British economy sinks into double dip recession ...

LONDON — Britain slid back into recession in the first quarter of the year, according to official figures released Wednesday, undercutting the government’s argument that its austerity program was working.

The British economy shrank 0.2 percent in the first quarter after contracting 0.3 percent in the fourth quarter of last year, the Office for National Statistics said Wednesday. The first double-dip recession in the country since the 1970s ...

18 posted on 04/25/2012 8:44:50 AM PDT by BluH2o
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To: Texas resident

That’s not true.


19 posted on 04/25/2012 9:01:56 AM PDT by PghBaldy (Obama is afraid if he needs to start a fight with Catholics. He's losing the women's vote!!!)
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To: PghBaldy

Name names.

WHO in the dimrat party with any power is saying anything?
WHO in the dimrat party with any authority is doing anything to stop the kenyan communist?

When Bush was in office there was no shortage of senators, congresscritters, and so called conservative media types who daily bashed him.

NO ONE with any authority is even questioning baraq much less challenging him.

So based on that, they are all in with him.


20 posted on 04/25/2012 8:38:52 PM PDT by Texas resident (Hunkered Down)
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To: upchuck
November 2012, I Hope it Changes...
21 posted on 04/25/2012 8:44:50 PM PDT by Kickass Conservative (A day without Obama is like a day without a Tsunami.)
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To: Pollster1
So, the “rise” was ONE HALF Percent LESS than expected and the “fall” was TWO and ONE HALF Percent MORE than expected.

Looks like a THREE PERCENT “unexpected” error to the worst from the people that the Politicians depend on to get their lies straight.

We are so screwed and Obama still has a 50/50 shot at remaining in Office. We truly live in the Bizarro World.

22 posted on 04/25/2012 8:57:52 PM PDT by Kickass Conservative (A day without Obama is like a day without a Tsunami.)
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To: Kickass Conservative
Looks like a THREE PERCENT “unexpected” error to the worst

Exactly. I wish I could believe they were simply incompetent, but it's phenomenally easy to get the numbers right within a much smaller margin of error. They are either so far out of their depth that I can't imagine how they ended up in so unsuitable a career, or they are intentionally lying to support the image of their chosen politicians.

23 posted on 04/26/2012 1:04:53 AM PDT by Pollster1 (Can we afford as much government as welfare-addicted voters demand?)
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