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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (5348)6/26/2001 9:39:07 AM
From: Ilaine   of 74559
 
>> Durable-Goods Orders Jump 2.9% On Strong Gains in Transportation

A WALL STREET JOURNAL ONLINE News Roundup

WASHINGTON -- Orders for big-ticket items jumped in May after a
sharp drop in April.

Orders for durable goods, or items meant to last three years or longer,
rose 2.9% to $188.55 billion, the Commerce Department reported
Tuesday. April durable goods orders were revised to show a 5.5% decline
instead of the already-steep 5% drop previously estimated.

May's durable-goods performance was well above expectations of
economists, who expected just a 0.4% increase, according to Thomson
Global Markets.

Durable-goods data are typically volatile, however, and can easily be
thrown off course by particularly high-priced items like aircraft.

Durable-goods orders rose in almost all categories, led by a 3.4% gain for
transportation items. Within transportation, orders for motor vehicles and
parts rose by 7.4% and orders for aircraft rose by 2.9%.

But even excluding transportation, durable-goods orders rose by a strong
2.7%.

Orders for computers and electronic products rose 2.7% after plunging
13.5% in April. Within that category, orders for computers and related
equipment fell 3.1%, while orders for communication items fell 11.5%.
This was offset by a 35.3% jump in orders for semiconductors.

Orders for defense capital goods rose 0.1%.<<

interactive.wsj.com
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