Friday, September 24, 2010

Economists and Markets Cheer? Largest Decline In Durable Good Orders!

WASHINGTON (MarketWatch) — A report showing the largest decline in durable-goods orders in a year was cheered by economists and markets on Friday as attention focused on an improved reading for capital goods.
Orders for U.S.-made durable goods fell 1.3% in August, the Commerce Department reported Friday, dragged down by orders for transportation equipment. Excluding transportation, new orders rose 2%.
Economists polled by MarketWatch had expected a decline of 1.4% for durable-goods orders.

1 comment:

  1. funny how i read alot of these post but i know very little or all of how how an economy works or anything that its attached to it.


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