Thursday, April 26, 2012

March 2012 durable goods experience largest drop since Jan. 2009

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4/25/12, "Orders for Durable Goods Tumble 4.2% on Drop in Aircraft," Reuters via CNBC

"Demand for long-lasting U.S. manufactured goods dropped by the most in three years in March and a gauge of business spending plans fell, suggesting factory activity lost momentum as the first quarter ended.

Durable goods orders tumbled 4.2 percent, the largest decline since January 2009, the Commerce Department said on Wednesday after a downwardly revised 1.9 percent increase in February.

Economists had forecast orders for durable goods, which range from toasters to aircraft, falling 1.7 percent after a previously reported 2.4 percent rise in February."...

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