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Durable goods see gains.(orders rise)(Brief Article)(Statistical Data Included)

Home Textiles Today

| February 04, 2002 | COPYRIGHT 2009 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

In one more signal that a slumbering U.S. economy may be turning around, durable goods orders jumped up 2.0 percent in December, the Commerce Department reported, back on track after a steep 6.0 percent drop in November.

The increase was sharply higher than the 1.3 percent increase that had been forecast by economists canvassed by Briefing.com.

Excluding highly volatile defense-related items, orders still rose by 1.7 percent, up from a revised reading of 1.5 percent in November.

Excluding the similarly volatile transportation sector -- easily skewed by car and airplane orders -- sales of durable goods moved up by 1.4 percent, reversing a 1.1 percent …

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Source: HighBeam Research, Durable goods see gains.(orders rise)(Brief Article)(Statistical Data...

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