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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61081)	2/28/2002 1:34:29 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Durable goods orders rise host.wallstreetcity.com WASHINGTON, Feb 27, 2002 (United Press International via COMTEX) -- The Commerce Department on Wednesday reported that in January new orders for big-ticket items posted their third rise in the past four months, jumping 2.6 percent to $179.1 billion. Economists on Wall Street were expecting orders for durable goods -- items meant to last three years or longer -- to rise by 1.5 percent after rising 0.9 percent in December, falling 6.0 percent in November and surging 12.5 percent in October. Excluding transportation equipment, orders rose 1.3 percent after rising 0.4 percent in December, 0.7 percent in November and 2.9 percent in October. Economists were expecting orders excluding transportation, to rise 0.9 percent during the month. The report showed inventories of durable goods fell 0.6 percent in January after falling 0.4 percent in December while shipments rose 2.9 percent after rising 0.5 percent during the previous month. The Commerce Department said orders for aircraft and parts surged 21.6 percent in January after rising 0.1 percent during the previous month and after plunging 64.3 percent in November of last year. Orders for defense-industry capital goods fell 2.7 percent after jumping 5.1 in December. Non-defense capital goods orders, including aircraft, rose 0.5 percent after slipping 1.2 percent in December. Non-defense capital goods shipments rose 2.4 percent after rising 1.1 percent a month earlier.