New orders for long-lasting U.S. manufactured goods excluding transportation equipment posted their largest decline in 1-1/2 years in July while overall booking rose far less than expected, pointing to a slowdown in manufacturing.   Read More

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Durable Good: Breaking News Updates

US durable goods results: what the economists say
Do the weak figures signal a double-dip recession in the US– The experts analyse the dataThe latest US economic data has intensified fears of a double-dip recession there. Sales of new US homes tumbled to a record low last month, confounding expectations for them to hold steady. Separate government data showed new orders for durable goods such as cars, machinery and household appliances rose a meagre 0.3% last month ” far below a 2.8% rise forecast by economists. Here are economists’ reactions to the data.Jeremy Cook, chief economist, World FirstThe US housing market is imploding alongside its economy; poor manufacturing, retail and activity surveys have stripped away the veneer of an American recovery and the market has realised that the emperor is not wearing any clothes. As a result, ‘haven’ assets such as the Japanese yen and the Swiss franc are powering to record highs and the yield on government debt is tumbling as investors continue their ‘flight to quality’.Paul Ashworth, senior US economist at Capital EconomicsJuly’s durable goods report adds to the recent evidence from numerous activity surveys that the manufacturing recovery has lost nearly all of the considerable momentum it had. The rebound in manufacturing was one of the bright spots in an otherwise disappointing recovery.

Durable Goods Orders Increase in July
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Stocks Fall On Weak Durable Goods Orders
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Durable Goods Orders Rise 0.3 Percent In July
Durable goods orders rise 0.3 percent in July.

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