Durable orders fuel doubt over recovery’s legs

first_img Show Comments ▼ Durable orders fuel doubt over recovery’s legs KCS-content whatsapp Wednesday 25 August 2010 8:39 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald ONLY a surge in orders for commercial aircraft kept durable goods orders in positive territory last month, casting yet further doubt over the resilience of the US recovery.Durable goods orders only managed to grow by 0.3 per cent on the previous month but the more closely-watched core capital goods orders figure slumped eight per cent on June. Consequently, the three-month growth rate dropped to just 19.8 per cent from 30.9 per cent. Paul Ashworth, senior US economist at Capital Economics, said: “July’s durable goods report adds to the recent evidence from numerous activity surveys that the manufacturing recovery has lost nearly all of the considerable momentum it had.”He added: “The rebound in manufacturing was one of the bright spots in an otherwise disappointing recovery. Take it away, throw in a renewed collapse in housing, and you don’t have much left.” whatsapp Tags: NULLlast_img

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