Here ya go "ActuaIIy", if it's wrong blame the Wall Street Journal: WASHINGTON—Orders for long-lasting manufactured goods tumbled in July as demand for aircraft fell and business spending weakened, sparking concerns about third-quarter growth.<quoted text>
On what planet did that happen? April and May were lower this year.
Love the numbers when you use accurate ones.
The 7.3% monthly decline in orders for big-ticket items such as cars, furniture and appliances built to last three years or more—to a seasonally adjusted $226.6 billion—exceeded the 4% drop anticipated by economists.
Outside of the volatile transportation category, durable-goods orders were still relatively weak for the month, declining 0.6%, the Commerce Department said Monday.
July's decline was the first in four months. In June, total orders rose 3.9%, but were up only 0.1% excluding transportation.
Businesses and consumers typically make big-ticket purchases when they are confident about the economy. The decline suggests potential weakness ahead, despite expectations for a stronger second half of the year." http://online.wsj.com/article/SB1000142412788... Love those........