Durable Goods Orders Increase Unexpected

Posted on March 26, 2009 by Daryl Phillips, CEcD

The U.S. Department of Commerce reported yesterday that orders for durable goods, such as machinery, transportation equipment, computers, and electronics, increased 3.4% in February. Durable goods orders had declined 7.3% in January and were expected by economists to decline 2.5% in February, so the actual 3.5% increase was a nice surprise and possibly a sign of impending recovery. For more information, check out this article from the New York Times business section.

About Daryl Phillips, CEcD

I am a professional economic developer. At the moment, I also serve as Executive Director of Hickman County Economic & Community Development Association, Inc. I am a member of International Economic Development Council, Southern Economic Development Council, Tennessee Economic Development Council and International Council of Shopping Centers. I have earned the designation of Certified Economic Developer (CEcD) from International Economic Development Council (IEDC) and hold a Master of Business Administration from Tennessee Technological University.
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