Monday, August 4, 2008

What Recession? Part 2

New orders at U.S. factories increased by 1.7 percent in June, according to the Commerce Department.

Further, factory orders in May were revised higher to show a 0.9 percent rise, previously reported as a 0.6 percent advance.

Orders for nondurable goods were up 2.5 percent in June. Non-defense capital goods orders excluding aircraft, viewed as a good proxy for business investment, rose 1.2 percent in June. Durable goods orders for costlier items meant to last three years or longer like washing machines and refrigerators rose 0.8 percent.

No comments:

Post a Comment