Wednesday, February 28, 2007

US durable goods orders slide

Eoin Callan, Financial Times

There was an unexpected drop in orders of durable goods across industry sectors as demand slid by a record 8 per cent to $204bn in January. The biggest monthly fall ever recorded underlined the continued risks to US economic growth from weak domestic business demand, which has lagged behind consumer spending.
A bad sign. A very bad sign.

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