Jump to content
House Price Crash Forum
Sign in to follow this  
Sledgehead

Us Durable Goods Extransportatn : -2.6% (was -1.6%)

Recommended Posts

orders excluding aircraft, a closely watched proxy for business spending, declined 2.6 percent after falling a downwardly revised 1.8 percent in January, the Commerce Department said. It was the biggest decline since a 3 percent fall in October 2007 and was far larger than the 0.1 percent slip forecast by economists.

Machinery orders slumped 13.3 percent, the steepest decline since records began in 1992, although the Commerce Department noted that the previous two months had both showed gains.

The Institute for Supply Management already reported the manufacturing sector contracted in February, so economists' optimism had been limited to a monthly boost on the back of the aircraft sector.

The headline durable goods report can be buffeted sharply from month to month by aircraft orders from aerospace giant Boeing.

The Commerce Department said civilian aircraft orders rose 5.4 percent in February, while orders ex-transportation declined 2.6 percent in the largest fall in over a year, compared with a forecast for a 0.3 percent drop.

Share this post


Link to post
Share on other sites
orders excluding aircraft, a closely watched proxy for business spending, declined 2.6 percent after falling a downwardly revised 1.8 percent in January, the Commerce Department said. It was the biggest decline since a 3 percent fall in October 2007 and was far larger than the 0.1 percent slip forecast by economists.

Machinery orders slumped 13.3 percent, the steepest decline since records began in 1992, although the Commerce Department noted that the previous two months had both showed gains.

The Institute for Supply Management already reported the manufacturing sector contracted in February, so economists' optimism had been limited to a monthly boost on the back of the aircraft sector.

The headline durable goods report can be buffeted sharply from month to month by aircraft orders from aerospace giant Boeing.

The Commerce Department said civilian aircraft orders rose 5.4 percent in February, while orders ex-transportation declined 2.6 percent in the largest fall in over a year, compared with a forecast for a 0.3 percent drop.

I expect the DOW to plunge rise sharply on such terrible fantastic news!!! :( :)

Sherwick

Edited by SHERWICK

Share this post


Link to post
Share on other sites
Guest mSparks

nothing to see here, move along, the worst is behind us. :wacko:

wait a minute.... WHAT DO YOU MEAN THIS IS A LEADING INDICATOR!!!!

Edited by mSparks

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 294 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.