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Economy - Wednesday (Investor's Business Daily)

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Old 06-26-2008, 03:19 PM
Gurmastak Singh's Avatar
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Default Economy - Wednesday (Investor's Business Daily)
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Investor's Business Daily - Orders for big-ticket, long-lasting goods were unchanged, as expected. April orders were revised to -1% from -0.6%. Ex transportation, May orders fell 0.9%. Core capital goods, a proxy for business investment, slid 0.8%. Year over year, durable goods fell 2.6%, ex transport orders rose 1%, and core capital goods grew 2.8%. Not great, but a lot better than in the '01 recession.

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