Manufacturing company orders may indicate slowly strengthening economy
Posted by LDonia on 06/27/2012
A small rebound in May on the number of orders tat U.S. manufacturing companies received for durable goods may indicate a slowly strengthening economy.
According to an AP report today in The Washington Post,
The Commerce Department said Wednesday that orders for durable goods rose 1.1 percent in May after two months of declines. And so-called core capital goods, which signal business investment plans, increased 1.6 percent.
Durable goods, explains the AP, are items typically expected to last for at least three years (for example: appliances). Additionally, there is an increase in companies making big purchases, such as machinery or computers.
Read more here.
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US Manufacturing
Good article. There's a annual report on the State of Manufacturing on McGladrey website " http://bit.ly/IzVhuU " that readers may be interested. It offers insights and opinions of over 900 manufacturing executives.