Monday, February 25, 2013

Positive outlook for US economy

http://www.bloomberg.com/news/2013-01-28/orders-for-durable-goods-in-u-s-rose-4-6-ex-transport-up-1-3-.html


A recent surge in durable goods has bolstered the GDP by about .3%.  Sales of durable good climbed 4.6% in the last three years, which has far exceeded predictions by economist.  Estimates from over 75 economist ranged from a 2% decrease to a 4.5% increase.  A large part of this increase came from a 56% increase in orders for military planes, as well as increases in orders for computers, engines, and communication equipment. The Automobile industry has had a strong performance and is at the highest sales numbers since 2008.  Does a rise in durable goods show stability and strong recovery of the US economy?

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