Recovery Summer!

Or not

(Reuters) – New orders for long-lasting U.S. manufactured goods fell more than expected in August to post their largest decline in a year as bookings for aircraft and motor vehicles tumbled, but business spending rebounded strongly, a government report showed on Friday.

The Commerce Department said durable goods orders dropped 1.3 percent after a revised 0.7 percent increase in July. Markets had expected orders to fall 1.0 percent from a previously reported 0.4 percent gain.

2 Responses to “Recovery Summer!”

1. major dad says:

   September 24, 2010 at 8:57 am

   Unexpectedly of course…

2. Gary from Jersey says:

   September 24, 2010 at 9:14 am

   In other economic news…

   http://www.telegraph.co.uk/news/newstopics/howaboutthat/8020254/Tattooed-woman-told-to-put-bag-over-head-by-Jobcentre.html