Events Calendar
In This Section
Omnova Solutions annual meeting provides reason to celebrate: $26.2 million profit
Porsche takes top spot in dependability study
Sex.com creditors say domain's too hot to be sold
Consumer prices unchanged in February
FDIC to decide soon on ending guarantee
Current account deficit rises to $115.6 billion in fourth quarter
First-time jobless claims drop slightly
Some FirstEnergy customers get reprieve
Most Read Stories
Iraq veteran dies after shooting near UA stadium
Theft, fraud allegations leave family in turmoil
Man breaks into house, flees when owner wakes up
Intoxicated, suicidal educator apprehended after chilling drive in park
Teen accused of drinking, dancing topless in club
Cavs to negotiate for Ilgauskas' return
Barberton man hit by vehicle after fight dies
Irish eyes smiling on Falls newlyweds
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
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
