The Commerce Department said Wednesday that orders for durable goods declined 5.7 percent in March.
Orders for durable goods also increased in January, according to government data released Thursday.
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Orders for Durable Goods were disappointing and the big increase seen in Weekly Jobless Claims should have gotten some attention.
Orders for durable goods in the US fell 5.2% in January, the first fall in five months, as orders for aircraft plunged.
Orders for durable goods and a private payroll report were surprisingly good.
Orders for durable goods tend to fluctuate sharply from month to month and economists cautioned against reading too much into one monthly decline.
Excluding transportation, new orders for durable goods are up 9.6% at an annual rate in the first five months of 2006 while unfilled orders are up 12.8%.
OK, for most investors the BMW gauge or wine auction activity will never replace traditional economic indicators like housing starts or new orders for durable goods.
Most think a prolonged period of easy monetary policy and a slow release of pent-up demand for durable goods and homes can yield growth of at least 3%.
And the big rally in share prices on April 29th was sparked by news that labour costs are barely increasing, while orders for durable goods are actually falling.
On Wednesday, the Commerce Department reported that orders for durable goods -- orders to factories for manufactured goods meant to last at least three years -- came in weaker than expected, declining 0.4% in October.
Orders for all durable goods - products expected to last at least three years - were up by 5.6%.
In 2006 the steelmaker embarked on a massive investment and construction project to build blast furnaces to produce high-quality virgin steel for cars, ships and consumer durable goods for parent Hyundai Motor and other customers.
And orders for non-durable goods, such as processed food and clothing, also rose - by 0.8%.
The first report was a big drop in growth for both the Durable Goods and Core Durable Goods which came in at -1.0% and -0.6% respectively.
Expectations are for jobless claims to fall to 370, 000 to 375, 000, which would be down from 388, 000 the prior week, and for September durable-goods orders to bounce back by around 8% to 8.3% after a 13.2% drop in August.
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U.S. economic data due for release Friday includes durable goods orders and the gross domestic product report.
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The Commerce Department also reported that orders for non-transportation durable goods in January rose by a stronger-than-expected 1.9% (the most in a year).
U.S. economic data due for release Monday includes durable goods orders, the Chicago Fed midwest manufacturing index, pending home sales, and the Texas manufacturing survey.
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U.S. economic reports due for release Friday include durable goods orders, personal income and outlays, the Chicago Fed national activity index, the University of Michigan consumer sentiment survey, and the Kansas City Fed manufacturing survey.
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Durable goods orders for October got things started although the effects of Hurricane Sandy were dominant.
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In addition, orders for U.S. durable goods rose 1.6% in June, also exceeding expectations.
Stocks are mixed midday on drop in pending home sales and unexpectedly positive durable goods orders for December.
U.S. economic data due for release Friday includes the durable goods orders report.
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New orders for U.S. durable goods slipped 0.8% in March, far less than the 1.5% drop Wall Street had expected.
The first clue that those expectations may be problematic showed up this week in the report of durable goods orders for July, which was not only much worse overall than expected, but which showed that orders for machinery and computers plummeted 15% in July, the largest monthly decline on record.
Also from the Commerce Department, durable goods orders rose for a second straight month, up 3 percent in December.
But in 2006, it embarked on a massive investment and construction project to build blast furnaces which use iron ore and coking coal to produce high-quality virgin steel for cars, ships and consumer durable goods.
After bottoming out at the beginning of 2009, orders for U.S.-made durable goods had been rising smartly until they lost steam again over the last couple of months.
Half of them say they have enough money for food and clothes but struggle to buy durable goods.
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