Durable Goods Signals Economic Strength
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New orders for long-lasting U.S.-made goods rose 0.6 percent last month despite a sharp plunge in demand for new aircraft, according to a government report that reflected underlying economic strength.
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New orders for long-lasting  U.S.-made goods rose 0.6 percent last month despite a sharp  plunge in demand for new aircraft, according to a government  report that reflected underlying economic strength.
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Weak durable goods orders last month fueled concern on Thursday over the resilience of the U.S. economy to the country's steep housing slump.
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Retailers scored solid sales and factories saw orders pick up, hopeful signs the economy isn't cracking under the pressure of high energy prices.
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The White House on Wednesday said the U.S. economy is fundamentally strong a day after stock markets around the world took a plunge.
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If forecasts for this weekâs economic data prove accurate, the economy would seem to be getting off lightly.
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Investor's Business Daily - New orders at U.S. factories rose a more-than-expected 1.5% in Nov., despite the credit crunch and housing downturn. Orders for nondurable goods, such as food, textiles, paper and chemicals, jumped 3%, their biggest gain since March '05. Orders for durable goods were revised down to -0.1% from the initial reading of 0.1%. That's bad news for the manufacturing sector, but the strong "soft goods" orders signals continued consumer demand.
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Don't forget about financial strength and competitive forces.
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Orders for US durable goods -- items meant to last at least three years -- posted a larger-than-expected rise in July, boosted by an increase in demand for passenger
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Exports help raise Q4 GDP to a stronger-than-expected 3.5%
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U.S. durable goods orders rose, with  key components gaining strongly, and single-family homes sales  soared in September, reinforcing views the Federal Reserve will  raise interest rates further this year.
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The German economy chalked up its strongest performance in four years last year, thanks almost exclusively to booming global demand for German-made goods, official data showed.
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Orders increased at US factories in August for a range of durable goods, including automobiles, metals and communications equipment, evidence manufacturing will help drive the economic expansion.
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The pound was solid against the euro after British retail sales data showed spending on the high street to be more resilient than expected.
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Robert Ayres, a scholar at the International Institute for Applied Systems Analysis in Austria, argues that the period of gaining economies of scale from international trade has âprobably peakedâ.
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U.S. stocks traded higher on Thursday  as strong durable goods data and an improvement in consumer  sentiment for December signaled economic strength, but trading  volumes were light before the Christmas holiday.
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NEW YORK -- A closely watched measure of future economic activity rose for a second consecutive month in December, pointing to sustained, gradual growth.