Events Calendar
In This Section
High-tech company expands downtown
Folgers coffee perks up Smucker earnings
Region's stocking full of ideas for those on the prowl for holiday gifts
Ohio sues credit-rating companies
Study tracks newspaper, online readership
Michelin chief says revenue won't increase
Most Read Stories
Man found dead in North Akron home is identified
NFL star Chris Spielman's wife loses cancer battle
Dad accused of forcing son into field, killing him
Coventry man killed in crash at I-77 ramp
Poor machine maintenance blamed for fire at Akron business
Man allegedly paid teens to spit in his face
College student mistaken for deer, shot to death
Indians add 7 players to 40-man roster
Cleveland balks at new LeBron James mural
Blogs:
Pets:
Cat-loving chihuahua suckles seven abandoned kittens
The Heldenfiles:
Friday Night Notebook
Patrick McManamon:
The proposed new LeBron mural doesn't do it for me
Akron Zips:
Two blowouts, one night
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Hey, somebody's gotta stick up for the Browns
Kent State Sports:
Singletary update
Cleveland Cavaliers:
Gameblog: Cavs at Indiana Pacers – Here’s to LBJ and Free Throws
Buckeye Blogging:
OSU – Michigan college football rivals meet in Baghdad
Varsity Letters:
Bowling season starts today
All Da King's Men:
Headed For Disaster
Blog of Mass Destruction:
Will Health Care Reform Pass?
Akron Law Café:
Federal Judge Declares DOMA Unconstitutional
See Jane Style:
Vintage Chic
Car Chase:
TIME TO GET YOUR COLLECTOR CARS WINTERIZED
Let's Talk Real Estate:
Silverdome Potentially SOLD!
Ohio Travels with Betty:
George is looking for a Thanksgiving buffet in Akron.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Colloquium at University of Akron
Akron Gamer:
Nintendo's Mario endures even as games come and go
By Martin Crutsinger
Associated Press
POSTED: 08:51 a.m. EDT, May 28, 2009
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.
Comments
Click here to post your comments
