More positive news.
U.S. Durable Goods Orders Beat Expectations
By Bob Willis - Jan 26, 2012 8:40 AM ET .
Orders for U.S. durable goods rose more than forecast in December, led by demand for aircraft, autos and business equipment that signals further manufacturing gains.
Bookings (DGNOCHNG) for goods meant to last at least three years climbed 3 percent after a revised 4.3 percent gain the prior month that was more than previously estimated, data from the Commerce Department showed today. Economists projected a 2 percent increase, according to the median forecast in a Bloomberg News survey. Demand picked up for machinery, metals and communications equipment.
Gains in consumer and business spending, coupled with lean inventories, may keep driving production in coming months and spur the expansion. Sustained demand from China, Brazil and other emerging economies may help shield U.S. factories from a slowdown in Europe stemming from its sovereign debt crisis.
“The businesses that have been driving business investment are still doing well,” Julia Coronado, chief economist for North America at BNP Paribas in New York, said before the report. “There are a lot of reasons for businesses to continue to invest. It’s been a robust part of growth and will continue to be in 2012.”
MORE @ Bloomberg.com
DO SOMETHING!
| 
