Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Durable goods post biggest jump in 4 months
WASHINGTON (4/25/14)--Orders for durable goods--such as computers, automobiles and heavy machinery--climbed 2.6% in March, the biggest increase since November ( MarketWatch April 24).

Potentially signaling an emergence from winter's grasp, every major big-ticket category witnessed an increase, according to numbers released by the Commerce Department Thursday.

Total shipments for durable goods ticked up 1.1%, inventories increased by 0.5% and core capital orders gained 2.2%, according to Moody's ( Economy.com April 24).

"(These) durable figures are yet one more data point suggesting a healthy pick-up in growth is in store for the second quarter," Avery Shenfield, CIBC World Markets chief economist, told MarketWatch.

Transportation goods saw healthy gains, increasing 4% overall with a huge boost from non-defense aircraft, which rose 8.6%. Orders from Boeing far outpaced numbers seen in March 2013.

Automobiles, which experienced a modest 0.4% increase in growth, surpassed an annualized pace of 12 million units in March, perhaps signaling that demand will recover in coming months after a weak fall season, according to Moody's analysts.

Computers and electronic parts also posted healthy numbers with a 5.7% jump in March.

Meanwhile, the general upward trend in durable goods has economists projecting an even stronger second quarter, according to a recent MarketWatch consensus . Experts forecast a 3.5% increase in growth between April and June, up from previous expectations of just 1%.


RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
17 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
13 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
13 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
15 hours ago