|
"Does the Biden Cover-Up Have Two Layers?"
"Pete Rose, 'Shoeless' Joe Reinstated by MLB, Eligible for HOF"
"'Major Breakthrough': Here Are the Details on the China Trade Deal"
Freepers Still Love war
Parody ... Jump / Trump --- van Halen jump
"The Democrat Meltdown Continues"
"Yes, We Need Deportations Without Due Process"
"Trump's Tariff Play Smart, Strategic, Working"
"Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. Here Are Receipts"
"Trump Administration Freezes $2 Billion After Harvard Refuses to Meet Demands"on After Harvard Refuses to Meet Demands
"Doctors Committing Insurance Fraud to Conceal Trans Procedures, Texas Children’s Whistleblower Testifies"
"Left Using '8647' Symbol for Violence Against Trump, Musk"
KawasakiÂ’s new rideable robohorse is straight out of a sci-fi novel
"Trade should work for America, not rule it"
"The Stakes Couldn’t Be Higher in Wisconsin’s Supreme Court Race – What’s at Risk for the GOP"
"How Trump caught big-government fans in their own trap"
‘Are You Prepared for Violence?’
Greek Orthodox Archbishop gives President Trump a Cross, tells him "Make America Invincible"
"Trump signs executive order eliminating the Department of Education!!!"
"If AOC Is the Democratic Future, the Party Is Even Worse Off Than We Think"
"Ending EPA Overreach"
Closest Look Ever at How Pyramids Were Built
Moment the SpaceX crew Meets Stranded ISS Crew
The Exodus Pharaoh EXPLAINED!
Did the Israelites Really Cross the Red Sea? Stunning Evidence of the Location of Red Sea Crossing!
Are we experiencing a Triumph of Orthodoxy?
Judge Napolitano with Konstantin Malofeev (Moscow, Russia)
"Trump Administration Cancels Most USAID Programs, Folds Others into State Department"
Introducing Manus: The General AI Agent
"Chinese Spies in Our Military? Straight to Jail"
Any suggestion that the USA and NATO are "Helping" or have ever helped Ukraine needs to be shot down instantly
"Real problem with the Palestinians: Nobody wants them"
ACDC & The Rolling Stones - Rock Me Baby
Magnus Carlsen gives a London System lesson!
"The Democrats Are Suffering Through a Drought of Generational Talent"
7 Tactics Of The Enemy To Weaken Your Faith
Strange And Biblical Events Are Happening
Every year ... BusiesT casino gambling day -- in Las Vegas
Trump’s DOGE Plan Is Legally Untouchable—Elon Musk Holds the Scalpel
Palestinians: What do you think of the Trump plan for Gaza?
What Happens Inside Gaza’s Secret Tunnels? | Unpacked
Hamas Torture Bodycam Footage: "These Monsters Filmed it All" | IDF Warfighter Doron Keidar, Ep. 225
EXPOSED: The Dark Truth About the Hostages in Gaza
New Task Force Ready To Expose Dark Secrets
Egypt Amasses Forces on Israel’s Southern Border | World War 3 About to Start?
"Trump wants to dismantle the Education Department. Here’s how it would work"
test
"Federal Workers Concerned That Returning To Office Will Interfere With Them Not Working"
"Yes, the Democrats Have a Governing Problem – They Blame America First, Then Govern Accordingly"
"Trump and His New Frenemies, Abroad and at Home"
|
Status: Not Logged In; Sign In
Business
See other Business Articles Title: U.S. New Orders for Durable Goods Rose 0.2% in April; Initial Claims Inched Downward in the Latest Week
Source:
Daily Forex Fundamentals
URL Source: http://www.actionforex.com/analysis ... he-latest-week-20120524166319/
Published: May 24, 2012
Author: Daily Forex Fundamentals
Post Date: 2012-05-24 12:15:22 by Brian S
Keywords: None
Views: 690
Comments: 1
- New orders for durable goods inched up 0.2% in April 2012 following a revised 3.7% decline (previously reported as -3.9%) in March. The gain in April matched market expectations.
- Transportation orders unexpectedly rose 2.1% as rising motor vehicle orders offset falling orders for defence aircraft. Excluding the transportation component, orders fell 0.6% following a 0.8% decline (previously was -1.3%) in March and well below market expectations for a 0.8% gain.
- Orders of non-defence capital equipment excluding aircraft, a commonly used proxy for future business investment, fell 1.9% following a revised 2.2% decline (previously was -3.9%) in March. The corresponding shipments measure, which enters directly into the Bureau of Economic Analysis’ estimate of current business capital investment, fell 1.4% although this followed a 1.9% gain (was 1.7%) in March and a 1.4% increase in February.
- While durable goods orders can be highly volatile on a monthly basis, the weakening in capital goods orders for a second consecutive month in April is disappointing and will likely raise some concerns about the health of business investment going forward. With that said, the decline in the corresponding shipments measure only partially retraces gains in previous months to leave it still an annualized 1.2% above its first-quarter 2012 level. This is still consistent with our forecast that growth in business equipment and software investment strengthened to an 8.5% rate in the second quarter of 2012 following a 1.7% gain in the first quarter of 2012. While still early, the flow of monthly data available through April remains consistent with our expectation that overall second-quarter 2012 GDP growth improved to a 2.8% rate from the 2.2% gain in the first quarter of 2012.
New orders for durable goods inched up an expected 0.2% in April 2012 following a sizeable 3.7% drop in March; however, this was despite an unexpected gain in the transportation component. Transportation orders rose 2.1% in April as a 5.6% gain in motor vehicle orders offset a 9.2% decline in aircraft orders that resulted entirely from lower defence orders. A larger drop in the aircraft component had been expected given an earlier reported slowing in orders from Boeing in the month. Excluding the transportation sector, orders unexpectedly fell 0.6% with much of the weakness reflecting falling orders for machinery (-2.8%) and fabricated metal products (-2.0%). Orders for non-defence capital goods excluding aircraft, which is a commonly used proxy for future business investment, dropped 1.9% thereby marking the second consecutive monthly decline after an, albeit upwardly revised, 2.2% decline in March. Shipments of durable goods rose 0.7% in April following a 1.0% (was 0.8%) gain in March. Shipments of non-defence capital goods excluding aircraft, which enters directly into the Bureau of Economic Analysis’ quarterly estimate of business capital spending, fell 1.4%; however, this still only partially retraced solid 1.9% and 1.4% gains in March and February, respectively. Inventories of durable goods rose 0.3% in April following 0.4% and 0.3% gains in March and February, respectively. While durable goods orders can be highly volatile on a monthly basis, the weakening in capital goods orders for a second consecutive month in April was disappointing and will likely raise concerns about the health of business investment going forward. With that said, the decline in the corresponding shipments measure only partially retraces gains in previous months to leave it still an annualized 1.2% above its first-quarter 2012 level. This is still consistent with our forecast that growth in business equipment and software investment strengthened to an 8.5% rate in the second quarter of 2012 following a 1.7% gain in the first quarter of 2012. While still early, the flow of monthly data available to this point remains consistent with our expectation that overall second-quarter 2012 GDP growth improved to a 2.8% rate from the 2.2% gain in the first quarter of 2012. In a separate report this morning, US initial unemployment insurance claims inched down 2,000 to a 370,000 level in the week ending May 19, 2012 from an upwardly revised 372,000 level (was 370,000) the previous week. The four-week moving average of initial claims, which better controls for weekly volatility, fell to 370,000 from 375,500 the previous week. Continuing claims fell 29,000 to 3,260,000 in the week ending May 12, 2012.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Brian S (#0)
Of course, your bullshit doesn't fly in the real world, as anybody who didn't fall off the turnip-truck last night already knows... The proof that your so-called "recovery" is a joke, is posted at the article Economic Recovery Is an Illusion When Adjusted for Inflation Check-mate, you lying fuck.
LoonyMing: I brandish my ignorance like a crucifix at vampires.
Translation: IGNORANCE IS STRENGTH 'It's now very common to hear people say, "I'm rather offended by that", as if that gives them certain rights. It's no more than a whine. It has no meaning, it has no purpose, it has no reason to be respected as a phrase. "I'm offended by that." Well, so fucking what?' —Stephen Fry
Top • Page Up • Full Thread • Page Down • Bottom/Latest
|
