February 27th, 2008
Finding the Silver Lining in Durable Goods Orders
New orders for long-lasting U.S.-made manufactured goods fell by 5.3 percent in January, the biggest drop in five months and more than analysts expected, and a key gauge of business spending also declined, a Commerce Department report showed on Wednesday.
But the news wasn’t all bad. Some industries look like a recovery may be beginning.
Consider computers and electronic products.
Or semiconductors.
Or machinery.
These changes are all based on non-seasonally adjusted data from the U.S. Census Bureau.
Like this article? Why not try out:
