June, 27, 2007, (12.30 GMT)
US Durable Goods Orders, Forecast -1.0, down from +0.8 in April
New York,
A decline for new aircraft order seems likely push US durable goods orders down in May, snapping 3 months string of gains.
Economist said, they expect a fall in volatile aircraft orders to be the culprit for weaker number in May. While order for non defense capital goods are expected remain positive territory, though a Reuters poll has them growing at 0.5 percent in May, below April's 0.8 percent advance.
Durable Goods Orders measure future demand for big-ticket consumer items such as computers and appliances as well as for civilian and military aircraft, machinery and primary metals. The government will release the report at 12.30 GMT on Wednesday.
DOMAINS YAHOO FOR CONFERENCE CALL SERVICE
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1 comment:
Well said.
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