Slide 1
Slide 2
Slide 3
Slide 5
Slide 4
Slide 6
Slide 7
Slide 8
Slide 9
Slide 10
Slide 11
Slide 12
Slide 13
Slide 14
Slide 16
Slide 17
Slide 18
Slide 19
Slide 20
Slide 21
Slide 23
Slide 24
Slide 24
Slide 25
Slide 26
Slide 27
Slide 28
Slide 29
Slide 30
Slide 31
Slide 32
Slide 33
Slide 34
Slide 35
Slide 36
Slide 37
Slide 38
Slide 39
Slide 40
Slide 41
Slide 42
Slide 43
Slide 44
Slide 45
Slide 46
Slide 47
Slide 48
Slide 49
Slide 50
Slide 51
Slide 52
Slide 53
Slide 54
Slide 54
Slide 55
Slide 56
Slide 57
Slide 58
Slide 58
Slide 59
Slide 59
Slide 60
Slide 61
Slide 61
Slide 62
Slide 63

*NEWS*DURABLE ORDERS UP 3 MONTHS IN A ROW

Toner News Mobile › Forums › Toner News Main Forums › *NEWS*DURABLE ORDERS UP 3 MONTHS IN A ROW

Tonernews.com, August 28, 2003. USA
Viewing 1 post (of 1 total)
  • Author
    Posts
  • #3882

    Anonymous
    Inactive
    		Good News: Durable orders up 3 months in a row
    Led by rising demand for computers, cell phones and cars, orders for new durable goods increased 1 percent in July, the Commerce Department estimated Tuesday.

    It was the first time since early 1999 that orders have risen for three months in a row.

    The outlook for business investment continued to improve as core capital goods orders rose 0.4 percent, also the third increase in a row. Read the full release.

    Other economic news released Tuesday was also bullish. The consumer confidence index rose for the first time in four months in August while sales of new homes were at the second highest level ever in July.

    The numbers had little impact on financial markets. U.S. stocks and bonds were lower most of the morning before mounting a late rally to finish higher. See Market Snapshot.

    “The evidence is mounting that we’re having the predicted post-Iraq, summertime bounce in the economy,” said Stuart Hoffman, chief economist at PNC Bank. With the gradual recovery of business investment spending, the only missing piece in the recovery is job growth, he said.

    The data on new orders and shipments of durable goods tend to be very volatile from month to month, so economists prefer to focus on longer trends spanning a quarter or a year.

    “The underlying trend is pointing up,” Hoffman said.

    face=Arial Movin on Up! »

  • Author
    August 28, 2003 at 11:36 AM
Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty, or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action based on the content on our site.