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Orders for long-lasting durable goods fell in April, but a closely watched proxy of business investment moved higher. And although sales of existing homes declined, consumer sentiment remains strong.
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New orders for long-lasting manufactured durable goods jumped more than expected in March, but analysts pointed to some concerns deeper in the Commerce Department report. Separate reports showed improvements in new homes sales as well as in consumer confidence.
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Employers continued adding a high-number of non-farm jobs in March while U.S. factory orders increased broadly in February, but the rebound was less than expected, according to two new reports.
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Following strong growth last year, business spending on equipment has fallen for the second straight month, according to a new report, while a separate one shows new home sales in the U.S. have slipped again.
Read More →The nation’s overall economic performance slowed in the final quarter of last year but turned in better performance for all of 2017 than it did for all of 2016, according to new Commerce Department figures.
Read More →Uncertainty about tax reform was the likely culprit as a measure of consumer confidence retreated this month after hitting a 17-year high. However, expectations are the current quarter will show solid overall economic performance once more numbers start rolling in.
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Sales of new homes rose last month while two separate reports show the nation’s manufacturing sector is nearly as strong this month as it was during October.
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New orders for big-ticket durable goods fell in July by the most in nearly three years, while the market for existing home sales cooled following a drop in new home sales.
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A preliminary report released Monday showed a drop in a key benchmark for future business spending, as total orders and shipments of durable goods were mixed, according to the Commerce Department.
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New orders for long-lasting durable goods increased less than expected during March, according to a new Commerce Department report, but business investment on equipment appears to be solid following the rut it was in for nearly a couple of years.
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