Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. durable goods post largest drop in nearly a year
Reuters ^ | August 26, 2013 | Reuters

Posted on 08/26/2013 6:06:47 AM PDT by John W

(Reuters) - Orders for long-lasting U.S. manufactured goods recorded their biggest drop in nearly a year in July and a gauge of planned business spending on capital goods tumbled, casting a shadow over the economy early in the third quarter.

The Commerce Department said on Monday durable goods orders dropped 7.3 percent as demand for goods ranging from aircraft to computers and defense equipment fell. That was the biggest decline since last August and snapped three consecutive months of gains

Orders for these goods, which range from toasters to aircraft, had increased 3.9 percent in June.

Economists polled by Reuters had expected durable goods orders to fall 4.0 percent.

Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, fell 3.3 percent, breaking four straight months of gains. It was the biggest fall since February.

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


TOPICS: News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first previous 1-2021-24 last
Comment #21 Removed by Moderator

To: John W

And now the DJIA is up a very small amount because this news eases their concerns of Fed tapering. Bizarro World.


22 posted on 08/26/2013 7:47:16 AM PDT by John W (Viva Cristo Rey!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

All these financial numbers are cooked. The only reason they are putting out some bad numbers is to lower surging bond yields. They know that the party is over if treasury bond yields keep going up.


23 posted on 08/26/2013 7:58:26 AM PDT by Revel
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

But, but everyone is getting those new 29 hour per week jobs. They should be buying all kinds of stuff.


24 posted on 08/26/2013 8:48:49 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.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-24 last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson