Durable Goods Orders Unexpectedly Drop in November

[Purveyor]

Dow Jones Newswires

WASHINGTON -- Durable-goods orders unexpectedly fell for the first time in three months in November amid a plunge in orders for computers, communications equipment and aircraft.

Durable-goods orders dropped 3.1% to $180.1 billion last month, the Commerce Department said Wednesday. But orders for October were revised to a 4% gain, much stronger than the previously estimated 3.4% increase.

<snip>

The overall decrease in orders for products designed to last at least three years was also the largest monthly decline since a 6% drop in September 2002, Commerce said. Durable-goods demand dipped 0.1% in August but climbed sharply in both September and October. Estimates on durable goods are volatile and subject to revision; analysts caution against using monthly figures when trying to tell where the U.S. economy is heading.

[J B]

1. Unexpected!?!?

What fantasy world are these people living in!?

[Kolesar]

2. "unexpectedly " God is supposed to intervene to get Bush reelected

The writer acts like any change in data is somehow startling.

[cosmicdot]

6. lol - or that startling 'real' data is somehow 'a change'

those people with children bonuses likely hit many a household debt-ridden budget like water on a sponge

[Maine-i-acs]

3. The recovery ends -

People were spending their paltry bribe (re: tax checks) from Shrub this fall. It's all gone now and the trough is empty...

Jobless Recovery is an oxymoron.

[jmcgowanjm]

5. I'm with you- jobless/recovery-north/south

Everything was fine until we hit that iceburg.

[Rose Siding]

4. Yes, Virginia, there is a credit limit

and cash from refinancing only goes so far.

[xchrom]

7. i work retail

in the san fracisco area -- and it's been a miserable holiday season.
and where i am it's very affluent.

[NoKingGeorge]

8. The next tax cut will be closer to the election.

How about rOve orders it in April as an emergency stimulous,checks are in hand (average 200.00) by July, folks spending in August/September for school brings up the economy numbers, all is well by end of Sep...

[TexasPatriot]

9. this is big news

and would be bigger if it werent for the fact that everyone is busy throwing their ground chuck into the trash.

2 weeks ago Bush took credit for the booming economy - i wonder if he'll take the blame for the fluttering of the stimulus package. I do agree, he's going to use this as evidence for another tax cut. Everything that happens seems to justify a tax cut in his mind - it's surreal.

[PROGRESSIVE1]

10. Now now now!!!! You all know that we cannot believe these....

evil "librul" media types now can we. The economy is roaring ahead and you must all now praise and worship Fuhrer Bush!

(satire)

[The Sushi Bandit]

11. Thats because they dont make them like they use too!

Not Durable anymore... we just make throw away!

[mbperrin]

12. Wow! Watch that *Bush economy machine

go!