Durable Goods Orders Jump, Defense Orders Surge

By artappraiser on Wed, 04/27/2011 - 3:21pm |

By Dave Kansas, Market Watch @ Wall Street Journal, April 27, 2011

Durable good orders surged in March, rising a better-than-expected 2.5%, underscoring the strength in the manufacturing side of the economy.

Also, the February figures were revised to show a gain of 0.7% after an initial report of a 0.6% decline. (These data on big-ticket items are notoriously volatile.)

Orders rose for machinery, computers, electrical equipment, appliances, cars and airplanes. New orders for non-defense capital goods excluding aircraft rose 3.7%, an indication that corporate capital spending is relatively healthy. Defense capital goods orders jumped 7.6%.....

Also see:

U.S. Durable-Goods Orders Rise for Third Month as Equipment Is Replenished
By Bob Willis, Bloomberg News, April 27, 2011

Demand for U.S. durable goods rose in March for a third consecutive month, indicating business investment will pick up...

URL:

http://blogs.wsj.com/marketbeat/2011/04/27/durable-goods-orders-jump-defense-orders-surge/

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Durable Goods Orders Jump, Defense Orders Surge

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