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Breaking News Home | All | Religion | Society | Tech | Choice | Fridays | SA Newsroom
FRONT PAGE  |  11/23/2017
FRIDAY, SEP 28, 2012  |  1 comments
Durable goods drop worst since recession
New orders for long-lasting U.S. manufactured goods in August fell by the most in 3-1/2 years, pointing to a sharp slowdown in factory activity even as a gauge of planned business spending rebounded.

The Commerce Department said on Thursday durable goods orders dived 13.2 percent, the largest drop since January 2009, when the economy was in the throes of a recession. Orders for July were revised down to show a 3.3 percent increase instead of the previously reported 4.1 percent gain.

Economists polled by Reuters had expected orders for durable goods -- items from toasters to aircraft that are meant to last at least three years -- to fall 5 percent. ...


CLICK HERE to Read Entire Article
www.reuters.com

Response to economic crisis?
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News Item9/28/12 12:26 AM
kevin | fort worth  Find all comments by kevin
I have been driving the same truck for over 10 years and hope to drive it another 10 years since I can't afford to buy another one.
1
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