The Obama Boom continues to roar! The greatest economic recovery since the rise of the Adromedan Empire 50,000 years ago breaks all records! April durable goods orders declined 3,6%!
WASHINGTON (Reuters) – New orders for long-lasting U.S. manufactured goods recorded their largest decline in six months in April as aircraft and motor vehicle bookings tumbled, pointing to some cooling in factory activity.
The Commerce Department said on Wednesday durable goods orders dropped 3.6 percent, worse than economists’ expectations for a 2.2 percent fall. March’s orders were revised up to 4.4 percent from a 4.1 percent increase.
While durable goods orders are extremely volatile, details of the report were the latest in a series to indicate the economy remains trapped in the soft patch.
The great Obama Boom continues apace!
Tags: Durable Goods, News, Obama Boom
