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Strategies & Market Trends : The coming US dollar crisis
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From: ldo799/26/2007 8:34:52 AM
   of 71454
 
Chuggin' along............

U.S. durable-goods orders up 1.7% year-to-date
U.S. Aug. durable-goods inventories fall 0.1%
U.S. Aug. aircraft orders fall 41%
U.S. Aug. durable-goods shipments fall 1.6%, most in a year
U.S. Aug. core capital equipment orders fall 0.7%
U.S. Aug. durable-goods orders ex-transportation fall 1.8%
U.S. Aug. durable-goods orders fall 4.9% vs. -4.5% expected

August durables drop sharpest in seven months
Wed Sep 26, 2007 8:32am EDT

WASHINGTON (Reuters) - New orders for long-lasting U.S.-made manufactured goods took their sharpest tumble in seven months during August, the Commerce Department reported on Wednesday as demand weakened across nearly every category of durable good.

Orders overall fell 4.9 percent -- well ahead of the 3.1 percent decline Wall Street economists had forecast -- after rising a revised 6.1 percent in July. Previously, the department said July orders were up 6 percent.

The government's monthly durable goods report is volatile and subject to substantial revisions, but the August report was striking because the declines were so widespread. Even excluding transportation, orders fell 1.8 percent after rising 3.4 percent in July.

The drops in overall orders and in orders excluding transportation both were the steepest since January when they dropped 6.1 percent and 3.1 percent, respectively.

There also were signs companies' willingness to invest was waning. Nondefense capital goods orders excluding aircraft fell 0.7 percent in August following a 0.9 percent gain in July.
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