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Response to Tansy_Gold (Original post)

Mon Aug 26, 2013, 09:06 PM

4. Outlook for 3rd quarter darkens as durable goods orders tumble

Orders for long-lasting U.S. manufactured goods recorded their biggest drop in nearly a year in July and a gauge of planned business spending on capital goods tumbled, casting a shadow over the economy early in the third quarter.

The Commerce Department said on Monday durable goods orders dropped 7.3 percent as demand for goods ranging from aircraft to computers and defense equipment fell. That was the biggest decline since last August and snapped three consecutive months of gains

Orders for these goods, which range from toasters to aircraft, had increased 3.9 percent in June.

Economists polled by Reuters had expected durable goods orders to fall 4.0 percent.

Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, fell 3.3 percent, breaking four straight months of gains. It was the biggest fall since February.

(snip)
http://www.nbcnews.com/business/outlook-3rd-quarter-darkens-durable-goods-orders-tumble-8C10996040
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Not to worry. O'Bomber is getting ready to start another Mideast war to pick up the slack.

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Tansy_Gold Aug 2013 OP
Fuddnik Aug 2013 #1
Demeter Aug 2013 #2
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Warpy Aug 2013 #7
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AnneD Aug 2013 #41
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LineReply Outlook for 3rd quarter darkens as durable goods orders tumble
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Hotler Aug 2013 #8
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xchrom Aug 2013 #10
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