May 28, 2008
AND NO ONE MINDS FEWER CARS:
Orders for durable goods edge down slightly (The Associated Press, May 28, 2008)
Orders to U.S. factories for big-ticket manufactured goods fell by a smaller-than-anticipated amount in April with many sectors outside of transportation showing unexpected strength.Posted by Orrin Judd at May 28, 2008 9:32 AMThe Commerce Department reported Wednesday that orders for durable goods dropped 0.5 percent, dragged down by big declines in demand for commercial aircraft and autos.
However, excluding transportation, orders rose by 2.5 percent last month, the biggest gain in 9 months.
