towski
08-24-2005, 12:22 PM
http://www.msnbc.msn.com/id/9063207/
WASHINGTON - Orders to U.S. factories for costly manufactured goods fell in July by the largest amount in 18 months, underscoring the occasionally erratic pace of recovery from the 2001 recession in the manufacturing sector.
The Commerce Department reported Wednesday that new bookings for “durable” goods — big-ticket items expected to last at least three years — declined by 4.9 percent in July from the previous month.
It marked the biggest drop since January 2004, when durable-goods orders fell by 5.7 percent.
WASHINGTON - Orders to U.S. factories for costly manufactured goods fell in July by the largest amount in 18 months, underscoring the occasionally erratic pace of recovery from the 2001 recession in the manufacturing sector.
The Commerce Department reported Wednesday that new bookings for “durable” goods — big-ticket items expected to last at least three years — declined by 4.9 percent in July from the previous month.
It marked the biggest drop since January 2004, when durable-goods orders fell by 5.7 percent.