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|User Info||Durable Gains CFC And Defense Related; entered at 2009-08-26 09:16:48|
Registered: 2008-09-18 The Archaic Past
Pshaw Gen. This is the TRUTH right here:|
"WASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods rose more than expected in July, posting their biggest gain in two years, according to a government report on Wednesday that offered more evidence a modest economic recovery was probably starting to take shape.
Durable goods orders jumped 4.9 percent, the largest advance since July 2007, after falling by a revised 1.3 percent in June, previously reported as a 2.2 percent drop, the Commerce Department said.
Analysts polled by Reuters had forecast orders rising 3 percent in July. However, compared to the same period last year, new orders were still down 25.8 percent.
(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama)"
gotta love that one.