The Trend For Durable Goods Orders Remains Weak
From The Capital Spectator
November 27, 2012 - 11:02am
New orders for durable goods were flat last month, the Census Bureau reports. That follows a strong 9.2% gain in September. Stripping out the volatile transport sector, however, reveals that new orders jumped a respectable 1.5% in October. Meantime, business investment gained some ground last month, with new orders for non-defense capital goods ex-aircraft rising 1.7%--the best month since May....
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