U.S. Durable Goods Orders Fall 1.1% in May
Source: The Wall Street Journal.
U.S. Durable Goods Orders Fall 1.1% in May
Decline attributed to decreases in volatile categories of military-aircraft orders and orders for civilian airplanes and parts
By Ben Leubsdorf and Sarah Chaney
June 26, 2017 8:38 a.m. ET
WASHINGTON - Demand for long-lasting factory goods declined in May for the second straight month, a possible sign of softness in the U.S. manufacturing sector.
Orders for durable goodsproducts designed to last at least three years, such as computers and industrial robotsdecreased 1.1% from April to a seasonally adjusted $228.18 billion in May, the Commerce Department said Monday. That was the largest drop in six months.
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ResistantAmerican17
(3,809 posts)More winning!!!
DetlefK
(16,423 posts)We're already 7 months into Trump's term. They better hurry up.
Bernardo de La Paz
(49,007 posts)He's lucky he didn't follow Republican Bush.
DetlefK
(16,423 posts)Trump has already taken credit for the state of the US-economy despite having done nothing to influence it.
Bernardo de La Paz
(49,007 posts)riversedge
(70,242 posts)Bernardo de La Paz
(49,007 posts)News today that Republican tRump wants to impose an extra 10% tariff on softwood lumber on top of about 20% he has already imposed.
US housing starts total 1.092M in May vs 1.215M starts expected
http://www.cnbc.com/2017/06/16/us-housing-starts-may-2017.html
Jun 16, 2017 - Homebuilders slowed down the pace of construction for the third straight month in May, a possible sign that the shortage of houses for sale ...
KingCharlemagne
(7,908 posts)near future. You can count on it, given who is in power and tinkering with the genera macroeconomic equation.