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U.S. Durable Goods Up !!!
purch
Posts: 9,865 Forumite
Durable Goods orders in the U.S. jumped 3.7% (3.9% excluding Transportation and anything else they feel like excluding)............after months of falling and after a fall of over 7% in January.
More Green(ish) Shoots, after the good Retail Sales numbers.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXttI5hjzw0I&refer=home
More Green(ish) Shoots, after the good Retail Sales numbers.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXttI5hjzw0I&refer=home
'In nature, there are neither rewards nor punishments - there are Consequences.'
0
Comments
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Intresting US is posting a good month this month. Have they started to turn the corner?
After the news of building more houses I also saw this today.
U.S. New-Home Sales Rose 4.7% to a 337,000 Pace in February
http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aAZ4tL_FZ32w0 -
Have they started to turn the corner?
On first glance...........maybe.
But one note of caution should be that these economic numbers from the U.S. have a habit of being quite unreliable, and it is not unusual to have large revisions in future months of previous releases.
However there has to be a time when the numbers will turn more positive, and whether this turns into a durable (:rotfl: sorry) recovery will take time to establish, things can't continue to look quite so bad forever.'In nature, there are neither rewards nor punishments - there are Consequences.'0
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