Wednesday, March 26, 2008

Ruh-Roh

Durable goods orders decline again.

New orders for manufactured durable goods in February decreased $3.6 billion or 1.7 percent to $210.6 billion, the U.S. Census Bureau announced today. This was the second consecutive monthly decrease and followed a 4.7 percent January decrease. Excluding transportation, new orders decreased 2.6 percent. Excluding defense, new orders decreased 1.6 percent.