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  • Why Today's Weak Durable Goods Numbers Foreshadow Low Confidence 0 comments
    Apr 29, 2013 3:51 AM

    Read More : Why Today's Weak Durable Goods Numbers Foreshadow Low Confidence

    Consumers appear to be holding back on buying non-essential goods, and this could impact the economic recovery.

    The durable goods orders contracted a dismal 5.7% in March, according to the United States Census Bureau, representing the largest decline in seven months-a far cry from the 4.3% rise in February and well below the estimate calling for a four percent decline.

    Taking out the volatile transportation portion, durable goods fell 1.4%, versus the estimate of -0.1%, equaling the second straight month of declines.

    The durable goods readings have largely been inconsistent, as reflected in the chart below, and suggest the economic recovery may be at risk.

    What Others Are Reading : Financial Crisis 2013

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