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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (42666)	5/23/2002 11:07:29 AM
From: IQBAL LATIF	Respond to of 50167

Clear skies and good consumption should help..Orders for computer equipment and machinery made solid gains, indicating that businesses are starting to make new investments -- a development regarded by economists as critical to a sustained economic recovery. "It is a much stronger report than the consensus was looking for but it was stronger for all the right reasons," said Mark Vitner, economist at Wachovia Securities in Charlotte, N.C.. "We saw a pick-up in business investment spending which has been the one weak link in the economy." Orders for durable goods, items intended to last for three years or more, rose 1.1 percent to $176.6 billion in April, trouncing analyst expectations for a 0.4 percent increase. That compared to an upwardly revised climb of 0.2 percent for the previous month.