Durable Goods Orders Sink 2.1%, Non-Defense Orders Sink 4.1%

"Manufacturing continues its slide as one might expect in the wake of the latest ISM reports.

Please consider details from the Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for June 2011.

New Orders

New orders for manufactured durable goods in June decreased $4.0 billion or 2.1 percent to $192.0 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 1.9 percent May increase. Excluding transportation, new orders increased 0.1 percent. Excluding defense, new orders decreased 1.8 percent..."

at  http://globaleconomicanalysis.blogspot.com/2011/08/durable-goods-orders-sink-21-non.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29