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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (109857)3/24/2010 9:07:31 AM
From: DebtBomb1 Recommendation  Read Replies (1) of 116555
 
Durable goods turning back down? 2/3 of 5.9% GDP was inventory re-stocking? bullandbearwise.com
The 0.5 percent rise in orders in February followed a 3.9 percent increase in January and a gain of 1.8 percent in December. The three straight monthly gains pushed total orders to a seasonally adjusted $178.1 billion in February.
The rebound from the deepest recession since the 1930s has been helped significantly by rising demand for factory goods. American manufacturers are benefiting not only from increased domestic demand, but rising orders from overseas. Overseas orders have been helped by last year's decline in the dollar against many currencies. A weaker dollar makes U.S. products cheaper in foreign markets.

The government will release its final look at overall economic activity in the October-December period on Friday. Economists expect that report to show the gross domestic product growing at an annual rate of 5.9 percent, unchanged from an estimate made a month ago.

About two-thirds of that growth reflected a swing from the massive liquidation of inventories that companies had been undertaking to trim costs during the prolonged recession. Economists are looking for a restocking of inventories to help boost factory production in coming months.
finance.yahoo.com
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