Container Top
Search

Events Calendar

EVENT SEARCH:

In This Section


Most Read Stories


Blogs:


Akron Docs in Haiti:
Almost home

First Bell - On Education:
Strange, sad story from Canton

Pets:
Found: White Eskimo male dog near Bath and State Rd.

The Heldenfiles:
Amanpour To Anchor "This Week"

Akron Zips:
Looking back on the season

Tribe Matters:
Cabrera says it’s time to play

Cleveland Browns:
Yates latest to re-sign

Balanced Ledger:
How times have changed?

Kent State Sports:
Kent State beats Tulsa in NIT; Will face Illinois on ESPNU

Cleveland Cavaliers:
Highlights from Wednesday’s Cavs-Pacers Game

Buckeye Blogging:
Bucks High Seed – Turner High Praise

Varsity Letters:
DII state semifinal: Walsh Jesuit loses to Hathaway Brown 53-48

All Da King's Men:
ObamaCare To Reduce Premiums By 3000% ?

Blog of Mass Destruction:
Why Republicans Are Acting So Crazy

Akron Law Café:
Does Capitalism Inspire "Moral Flexibility"?

Car Chase:
2010 CONCOURS SEASON IS UPON US

Let's Talk Real Estate:
Deals in Miami?!.

Sound Check:
Willie Nelson & Family coming to the Akron Civic Theatre May 11

See Jane Style:
Who Wore What – The Oscars

HRLite House:
Horses of Courses

Akron Gamer:
PlayStation's Move ups the interaction, fidelity

New orders for manufactured goods up by largest amount in 16 months

By Martin Crutsinger
Associated Press

WASHINGTON: The government says demand for big-ticket manufactured goods soared by the largest amount in 16 months in April, the second increase in the past three months.

The Commerce Department says orders for durable goods rose by 1.9 percent in April, more than four times the 0.4 percent increase that had been expected.

But the government is revising down its estimate for new orders in March to show a drop of 2.1 percent, a much bigger fall than the 0.8 percent decline previously reported.

Still, new orders have risen in two of the past three months after having recorded six straight declines. Analysts believe this could be signalling that the deep recession in manufacturing may be bottoming out. But they believe a sustained rebound is still some distance away.

WASHINGTON: The government says demand for big-ticket manufactured goods soared by the largest amount in 16 months in April, the second increase in the past three months.

The Commerce Department says orders for durable goods rose by 1.9 percent in April, more than four times the 0.4 percent increase that had been expected.

But the government is revising down its estimate for new orders in March to show a drop of 2.1 percent, a much bigger fall than the 0.8 percent decline previously reported.

Still, new orders have risen in two of the past three months after having recorded six straight declines. Analysts believe this could be signalling that the deep recession in manufacturing may be bottoming out. But they believe a sustained rebound is still some distance away.




Story tools

Email  Email   Print  Print   Save  Save   Reprint  Reprint   Popular  Most Popular   Reprint  Subscribe

Share this story

AddThis Social Bookmark Button














Most Commented Stories