Wednesday, September 25, 2013
Durable-goods Up Slightly
Durable-good orders rose 0.1% in August. This is a cautiously optimistic sign for the economy. Auto orders were the biggest contributor to this increase. If you're in the market for a car, you will want to pay attention to this. The asking price for new cars and then used cars will increase if this trend continues. More new car sales, mean more new cars being built. That's good for the economy. Of course, do what's good for you and buy a "pre-owned" car. Another positive sign is the increase in capital orders. This is business investments. If business is comfortable investing in infrastructure, they're feeling better about the economy. This should impact hiring. Again, be cautiously optimistic.