From the Associated Press comes this report yesterday, the 25th of September, 2009:
Durable goods orders, a key indicator for the manufacturing industry, fell unexpectedly in August. The Commerce Department said orders for goods expected to last at least three years slid 2.4 percent, after rising 4.8 percent in July. Economists polled by Thomson Reuters had forecast an increase of 0.5 percent.
It was the second drop in three months and the latest sign that any rebound inside the nation’s factories is likely to be slow.
While some may want to declare that the worst recession we have ever experienced is over, there are indications that we have a ways to go.
Dave Gardner, Gardner & Associates Consulting