Durable goods orders rebound in February
WASHINGTON (Reuters) – New U.S. orders for long-lasting manufactured goods rose in February for the first time in seven months, according to a government report on Wednesday brought some cheer to an economy mired in recession.
The Commerce Department said durable goods orders rose 3.4 percent to $165.6 billion in February, the biggest increase since December 2007, after a revised 7.3 percent plunge the prior month, previously reported as a 4.5 percent decline.
This is the latest in a series of recent economic data indicating the downturn in the economy after a brutal fourth quarter appears to be moderating a bit.
This link is broken, either the page no longer exists or there is some other issue like a typo.U.S. home sales climb at fastest pace in 10 months
WASHINGTON (Reuters) – Sales of newly built U.S. single-family homes unexpectedly rose at their fastest pace in 10 months in February, while prices fell by a record margin from a year ago, a government report showed on Wednesday.
The Commerce Department said sales rose 4.7 percent to a 337,000 annual pace, the fastest increase since April last year, from an upwardly revised 322,000 in January. Despite the increase, February sales were the second lowest ever after the drop in January to the slowest pace in records going back to 1963, the department said.
Economists polled by Reuters had forecast sales at a 300,000 rate in February.
This link is broken, either the page no longer exists or there is some other issue like a typo.Obama sees "signs of progress" on economic crisis
WASHINGTON (Reuters) – President Barack Obama said on Tuesday he was seeing signs of progress in his drive to lead the United States out of economic crisis as he sought to reassure recession-weary Americans he was on the right track.
"We're moving in the right direction," Obama said at his second prime-time White House news conference since taking office on January 20.
This link is broken, either the page no longer exists or there is some other issue like a typo.Now from Fox News:Durable Goods Orders Rose Unexpectedly in February
Orders to U.S. factories for big-ticket manufactured goods unexpectedly rose in February after a record six straight declines, according to a report released by the Commerce Department.
Wednesday, March 25, 2009
WASHINGTON -- Orders to U.S. factories for big-ticket manufactured goods unexpectedly rose in February after a record six straight declineshttp://www.foxnews.com/politics/2009/03 ... -february/New Home Sales Rose Unexpectedly in Februar
The Commerce Department said new home sales rebounded unexpectedly last month
More bad news for you America haters!
(Yea...I know, but at least it's a hopeful sign & maybe a trend (I think it's the 14th straight day of improvement). Enough to make Rush Limbuagh ( & a few people here) start praying harder for America's failure...rather than admit they may have been wrong!)