Tuesday, February 28, 2012

Another Recovery Summer?

Doubtful...



 New orders for U.S. manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.
Durable goods orders dropped 4.0 percent, the biggest drop since January 2009 when the country was still mired in a deep recession, according to Commerce Department data on Tuesday.
Economists had forecast orders falling 1.0 percent.
Lovely.

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