Manufacturing orders saw reduced growth in February, the latest sign of an economy that is starting to cool in response to rising borrowing costs. Orders for core capital goods–business equipment excluding aircraft and defense– rose 0.2% in February, less than the 0.3% growth recorded for the previous month. Shipments of […]
The US Commerce Department will publish its March durable goods advanced report Tuesday at 8:30 a.m. EST. Economists are spread wide on what they expect to see since February’s report was the first significant decline in more than a year. Here’s what to watch for: Slow growth and possible recession […]
An unexpected cross-country trip wasn’t something Jenavy Castro-Hernandez thought she and seven other family members would be doing, but when her uncle’s job sent him to New York, they packed their things, ready to meet him there by March 14. Arranging five children and three adults into her aunt’s old […]
Durable goods orders increased in January showing the economy’s resilience, despite global supply chain snafus and the third year of the COVID-19 pandemic approaching. New orders for durable goods – products that last for three years or more – rose 1.6 percent. This is the eighth increase over the last […]
The Commerce Department releases its advance report on durable goods – a key indicator of future manufacturing activity – on Monday. The report, based on results obtained from 4,300 manufacturers, is expected to provide more proof that the economy is ramping up faster than anticipated. Here are five things to […]
When the COVID-19 pandemic forced gyms to close, Cory Zuccaro was among the wave of people who turned their home into their own personal gym. Despite extensive delays and items being out of stock, he was able to add a squat rack, bumper plates, kettlebells and more to his house […]
Durable goods orders declined slightly in February as global supply chain issues lingered and inclement weather pushed the manufacturing industry’s steady recovery off track. New orders for durable goods – items with a life expectancy of at least three years – declined 1.1%, according to the Department of Commerce. This is […]
Durable goods orders increased strongly in January highlighting a growing optimism in the economy’s recovery as President Biden’s $1.9 trillion stimulus bill advances and more people become vaccinated. New orders for durable goods – items with a life expectancy of at least three years like cars and computers – increased […]
The Commerce Department publishes its first look at the durable goods report at 8:30 a.m. EST Tuesday. Economists expect the headline figure to increase 1.9 percent. That would be a moderate gain from 1 percent decline last month. Here’s what to look for in the report. 1. Boeing effect The […]
Low oil prices and weak global economies play major roles as new orders declined for durable goods last month, which was the third drop in the last four months. The headline figure for the new orders of these long lasting manufactured goods fell 2.8 percent. While this did not […]