SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Bird's Nest
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: clutterer3/25/2009 8:12:38 AM
Read Replies (1) of 15232
 
U.S. February durable goods seen falling 2 percent
Wed Mar 25, 2009 7:31am EDT Email | Print | Share| Reprints | Single Page[-] Text [+]
WASHINGTON (Reuters) - New orders for U.S.-made durable goods likely fell in February aided by a sharp decline in civilian aircraft orders, according to a Reuters poll

The median forecast of 73 economists showed orders for durables, goods lasting three years or more, dropped for the seventh straight month, to 2.0 percent in February after a 4.5 percent January fall.

Stripping out transportation orders -- which are heavily skewed by aircraft -- new orders for durables are expected to fall 2.0 percent after a 3.0 percent decline in January.

In a sign investment growth slowed further, nondefense capital goods excluding aircraft -- a key component of the monthly report seen as a gauge of business spending -- likely fell 2.3 percent in February after a 5.7 percent January drop.

The expected decline in aircraft orders comes as U.S. plane maker Boeing Co reported that it won orders for four aircraft during February -- down from 18 orders for January.

And industry analysts say there are no signs the planemaker will soon return to the record number of orders it enjoyed before the economic downturn as the number of cancellations exceeded orders, so far this year.

The Commerce Department will release the report at 8:30 a.m. EDT on Wednesday.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News