Thursday, September 27, 2007

There will be no effect on the real economy

U.S. Durables Orders Fell by Most in Seven Months

Orders for U.S.-made durable goods fell in August by the most in seven months, raising concern business investment will soften. Demand for products meant to last several years fell a greater-than-forecast 4.9 percent after a revised 6.1 percent gain the prior month, the Commerce Department said today in Washington. Excluding transportation equipment such as airplanes, orders declined 1.8 percent after a 3.4 percent gain.

Posted by dohousescrashinthewoods @ 09:34 AM (512 views)
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