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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (3652)	11/29/2001 8:36:14 AM
From: AugustWest	Respond to of 23786

<font color=green>Durable-Goods Orders Soar 12.8 Pct. WASHINGTON, Nov 29, 2001 (AP Online via COMTEX) -- Orders to U.S. factories for costly manufactured goods soared a record 12.8 percent in October, reflecting stronger demand for a wide variety of big-ticket items, from cars to computers. The rebound in durable goods - items expected to last at least three years - came after new orders dropped by 9.2 percent in September, the Commerce Department reported Thursday. The 12.8 percent increase was the largest since the government began keeping records based on the current classification system in March 1992. It also marked the first increase in orders for durable goods since May. The report offers a rare bright spot for the nation's battered manufacturing sector, which has been hardest hit by the sinking economy. To cope with sagging demand, factories have sharply cut production and laid off workers. New orders for transportation products posted the largest increase in October, rising by 38.8 percent, after falling by 16.2 percent the month before. By JEANNINE AVERSA Associated Press Writer Copyright 2001 Associated Press, All rights reserved -0- APO Priority=u APO Category=1311 KEYWORD: WASHINGTON SUBJECT CODE: 1311 * end of story *