my main question is simple
ex-autos, the durable rise was still good
but how much is from corp capex?
how much is from housing?
How much defense spending, Humvees, smart bombs, spare helicopter rotors, etc. is counted as durable goods? Such items indicate narrow economic activity. There are a lot of contract openings in this area for installing GPS in Humvees but overall the job market stinks.
3 The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry,
and other machinery; photographic equipment; metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all other machinery;
electronic computers; computer storage devices; other computer peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control instruments;
electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and
supplies.
Does a helicopter rotor sold to a TRW maintenance contract count as defense spending, or a capital equipment? I think we are getting Bush-speak on these numbers.
TP |
