January 27, 1989 |
Orders for expensive manufactured goods jumped 6.4 percent in December, the government said yesterday, bringing total orders last year to their highest level since 1984. The monthly increase was the biggest since an 8.7 percent rise in June and brought demand for durable goods - items such as cars and production machinery intended to last more than three years - by a seasonally adjusted $130.85 billion in December. The figures reflected widespread demand in both civilian and military categories.
February 27, 1987 |
Without the incentives contained in the old tax law, sales of existing homes and orders to factories for "big ticket" durable goods plummeted in January. The Commerce Department reported yesterday that factory orders for durable goods plunged 7.5 percent during the month, the biggest drop in almost seven years. The decline came despite a huge gain in demand for military equipment. Much of the economic weakness was attributed to changes in the tax law, but analysts said it showed that the long-awaited rebound in economic activity has yet to begin.
September 27, 1989 |
Orders to U.S. factories for "big-ticket" durable goods increased 3.8 percent last month, the government said yesterday. The biggest gain in orders since December was the result of brisk automobile sales, it said. The Commerce Department said demand for durable goods, which are items expected to last more than three years, totaled a seasonally adjusted $126.7 billion after declining 2.5 percent in July. The July figure was revised from an earlier 1.9 percent decline. Although the increase appeared healthy on the surface, economists said that manufacturers were receiving far fewer orders than they were shipping, signaling slower growth for U.S. industry.
March 25, 1987 |
Orders for "big ticket" durable goods, bolstered by heavy demand for military hardware, shot up 6 percent in February, the biggest gain in five months, the government reported yesterday. The Commerce Department said orders for durable goods rose $5.7 billion in February to a seasonally adjusted $101.2 billion. The advance, the best showing since a 7.6 percent rise in September, came after a record decline of 9.9 percent in January, which analysts had blamed on turmoil caused by the new tax law. Orders shot up at the end of last year as businesses and consumers rushed to take delivery of items in an effort to qualify for expiring tax breaks, but January business suffered because of this end-of-the-year activity.
June 23, 1990 |
Orders for "big-ticket" durable goods jumped 3.9 percent in May, the government reported yesterday. Analysts said it was evidence that manufacturing, which has been sluggish for months, may be bouncing back. "There have been some signs of a manufacturing rebound," said economist Paul Getman of Regional Financial Associates in West Chester, Pa. The Commerce Department said orders for durable goods - items expected to last three years or more, such as automobiles and appliances - totaled a seasonally adjusted $128.
February 27, 1991 |
A drop in demand for commercial aircraft and defense goods pulled orders for durables down 0.7 percent in January, the Commerce Department said yesterday. The decline, following a revised 2.7 percent rise in December, was smaller than expected but offered no sign of a pickup for the nation's depressed manufacturing sector. "The recession is getting deeper," said Richard Rahn, chief economist for the U.S. Chamber of Commerce, noting that new orders and unfilled orders had fallen last month.
July 26, 1988 |
Orders for durable goods flooded aircraft and other equipment makers last month causing the monthly measure of the purchasing of big-ticket items to surge 8.8 percent in June, the Commerce Department said today. That rise reflected a rebounding from a 1.9 percent drop in May, and dwarfed commerce forecasts of a 2 percent gain. But economists caution that the durable goods index is not a wholly reliable indicator of economic climate. They say today's figures confirm a pattern of growth in the industrial sector.
January 30, 2008 |
Orders for U.S. durable goods rose more than forecast, while consumer confidence and home prices fell, indicating business investment held up as other parts of the economy weakened. The 5.2 percent increase in demand in December for computers, aircraft and other items made to last several years was the biggest in five months, the Commerce Department said yesterday in Washington. Separately, a gauge of consumer confidence dropped to 87.9 this month, approaching a two-year low, the Conference Board reported.
January 30, 1993 |
The Commerce Department yesterday reported strong gains last month in orders for major consumer and industrial products and in Americans' personal incomes. The reports prompted some economists to believe that the nation's economy is on the verge of attaining sustainable growth after the long period of stagnation. "All in all, the expansion is gaining steam," said David Jones, an economist with Aubrey G. Lanston & Co., a New York securities dealer. Economist Lynn Reaser of First Interstate Bancorp in Los Angeles agreed.
February 25, 1994 |
Orders to factories for long-lasting goods rose sharply in January for the sixth straight month - the longest string of gains since early 1987, the government said yesterday. But analysts said the size of the increase - 3.7 percent - may be misleading, and they stuck to forecasts that growth in manufacturing and the overall economy is slowing from the closing months of last year. They cautioned that without the volatile aircraft and defense industries, the January rise in orders for durable goods was much smaller.