Tags: durable | goods | up

U.S. Durable Goods Orders Post Steep Jump

Wednesday, 26 Aug 2009 10:16 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON -- New orders for U.S. manufactured durable goods jumped by a sharper-than-expected 4.9 percent in July as the economy showed signs of emerging from recession, government data showed Wednesday.

It was the third increase in the past four months and the largest percent increase since July 2007, the Commerce Department reported.

Most analysts had expected a 3.2 percent increase in July following a 1.3 percent drop in June amid persistent reports indicating that the world's largest economy was slowly emerging from recession that struck in December 2007.

Durable goods — those likely to last three years or more, such as autos and appliances, and one measure of business demand — increased $7.8 billion or 4.9 percent to $168.4 billion in July, The Commerce Department said.

Excluding transportation, new orders increased 0.8 percent, it said. Excluding defense, the increase was 4.3 percent.

Shipments of manufactured durable goods also were up in July for the second consecutive month, increasing by $3.5 billion or 2.0 percent to $173.1 billion. The rise followed a 0.7 percent June increase.

--AFP

-

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Duncan's Nurses: We Held His Hand When Nobody Else Would

Friday, 24 Oct 2014 23:08 PM

The last people to hold Ebola patient Thomas Eric Duncan's hands to comfort him as he was dying at Dallas' Texas Presbyt . . .

Living Large: The Scandal of Bishops' Residences

Friday, 24 Oct 2014 20:31 PM

Camden, N.J., is one of the poorest cities in the U.S. So it was a shock earlier this year when reports surfaced that Bi . . .

Judge Rules Oklahoma Abortion Law Can Take Effect

Friday, 24 Oct 2014 20:09 PM

A new Oklahoma law that requires clinics to have a physician with admitting privileges at a nearby hospital present when . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved