Dr. Peter Morici: US Durable Goods Orders jumped 1.3% in July; GDP numbers Thursday expected to be stronger but tougher times to come
Aug 27th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Today, the US Commerce Department reported new orders for producer durable orders bounced up 1.3 percent in July. This confounded the more conservative estimates of forecasters—the consensus of prognosticators was for a 0.2 percent gain.