Durable goods fall-worst in 3 years-4x worse than expect

01 Mar 2012 05:01 #1 by Reverend Revelant
From the Department of Commerce...

Bad news...

New orders for manufactured durable goods in January decreased $8.6 billion or 4.0 percent to $206.1 billion... Nondefense new orders for capital goods in January decreased $5.4 billion or 6.3 percent to $79.5 billion...

More bad news...

Inventories of manufactured durable goods in January, up twenty-five consecutive months, increased $2.6 billion or 0.7 percent to $372.5 billion... Shipments decreased $0.6 billion or 0.9 percent to $70.9 billion. Unfilled orders increased $8.6 billion or 1.6 percent to $554.4 billion. Inventories increased $1.7 billion or 1.0 percent to $172.0 billion. Defense new orders for capital goods in January increased $0.9 billion or 17.7 percent to $5.9 billion. Shipments decreased $0.3 billion or 3.5 percent to $7.4 billion. Unfilled orders decreased $1.4 billion or 1.0 percent to $147.2 billion. Inventories increased $0.1 billion or 0.6 percent to $20.2 billion.

http://content.govdelivery.com/attachme ... 2%2529.pdf


Expect the Ministry of Truth to spin this... especially the figures on unicorn sales!

Waiting for Armageddon since 33 AD

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01 Mar 2012 05:33 #2 by FredHayek
You cant buy a new washer when all your money goes for gasoline.

Thomas Sowell: There are no solutions, just trade-offs.

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