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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (14132)	10/27/2004 9:21:24 AM
From: Haim R. Branisteanu	Respond to of 116555

once in a while they are right

To: mishedlo who wrote (14132)	10/27/2004 10:15:00 AM
From: zonder	Respond to of 116555

US Durables - Uneven Strength % change........................Sept................Aug Durable orders m/m...............0.2...........0.6 Durables ex-transport............1.7...........2.8 Civil Aircraft...................-16.3........-46.3 Computers/electronics............9.3..........5.9 Total durable goods orders increased by 0.2% in September, following a 0.6% contraction in the previous month. Excluding transport, however, orders increased by a healthy 1.7% after a 2.8% rise in August. The uneven pattern is reflected in the differing performances of civil aircraft and computers/electronics. Civil aircraft were the biggest area of weakness, falling by 16.3% in Sep after a 46.3decline in August. This category (as with orders as a whole) is highly volatile and subject to frequent and substantial revision. The most significant area of strength was computers/electronics which rose by 9.3% after a 5.9% previous increase. This category has risen in 7 of the last 10 months. Conclusion: Although the pattern is uneven, net/net the orders flow is healthy. The rate of growth on a year to date basis in September is 12.1% above the same period of last year. Such healthy growth will NOT stand in the way of a 25bp increase in Fed funds rate at the 10th November FOMC.