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Title: May Durable Orders Fall, First Time In 6 Months
Source: FNC
URL Source: http://www.foxbusiness.com/story/ma ... able-orders-fall-time--months/
Published: Jun 24, 2010
Author: Greg Robb
Post Date: 2010-06-24 12:19:06 by Badeye
Keywords: None
Views: 69
Comments: 1

May Durable Orders Fall, First Time In 6 Months | Respond to Editor | Print By Greg Robb

WASHINGTON--Orders for U.S.-made durable goods sank in May, falling 1.1% on weaker demand for airplanes, steel and communications equipment, the Commerce Department reported Thursday.

The decrease was not as severe as the expected 1.4% drop forecast by economists surveyed by MarketWatch.

It is the first decline in total orders in the last six months and the largest since August 2009.

The underlying report was not as weak as the headline suggests.

Excluding aircraft, orders rose 0.9%.

Shipments fell 0.4% in May, and were up 0.4% excluding transportation goods.

Inventories rose 0.8%.

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#1. To: Badeye (#0)

U.S. Durables Orders Probably Gained on Business Spending - Bloomberg Jun 24, 2010 ... Orders for durable goods excluding transportation equipment rose in May ... will see revenue rise 25 percent this year on surging demand for ... www.bloomberg.com/.../durable-goods-orders-in-u-s-probably-showed-gains-in-equipment-spending.html - 10 minutes ago

How did I know of ALL the folks Bloomberg surveyed that durable goods were going to drop.

Lucky, I guess.

mcgowanjm  posted on  2010-06-24   12:22:03 ET  Reply   Trace   Private Reply  


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